September 17, 2008, 15:29 CET
International financial crisis unlikely to hit Hungary, says central bank official
National Bank of Hungary vice president Julia Kiraly essentially shrugged off the latest international financial market crisis, at least as far as it would affect Hungary.
Speaking in Budapest on Wednesday, Kiraly said that although it was a bit early to see exactly what the repercussions would be, neither Hungarian consumers nor the market needed to worry. This is the fifth peak in the crisis, which will have an indirect effect, albeit no worse than the other four produced.
The central bank is carefully monitoring the international as well as the domestic market, and keeping in touch with players, she added.
The statement follows Lehman Brothers filing for bankruptcy protection and the takeover of Merrill Lynch by Bank of America, the latest wave in a 14-month-old financial crisis.
EMAIL
ARTICLE
ADD A
COMMENT
SITE FEED1 Comments
Latest News
- Economy minister confirms Hungary will not renew IMF loan agreement
- Deutsche Telekom investigated on suspicion of bribery at Hungarian unit
- Government transfers cash to Malév, preventing aircraft repossessions
- Duna TV accused of becoming a product placement paradise
- New HUFONIA reference rate offers better market guidance than Bubor
- JKX Oil and Gas acquires stakes in Hungarian field
- Saigo Port wins contract to build logistics base at Debrecen airport
- GSK plant in Hungary passes FDA audit
- Economy Ministry should have given the French Institute a quick call
- Simon tipped to get top job at TV2
- Government approves request to EU on land purchase ban extension
- Central bank spokesman says strengthening of Swiss franc represents growth risk
Recent Comments:
#2
RAMOSHeather: All people deserve good life time and business loans or consolidation loan will make it better. Just...
from "One-hour online company registration available from July"#4
budapeter: Hungary is just like any other crappy little third world country and that means you gotta have an ai...
from "Government transfers cash to Malév, preventing aircraft repossessions"#2
TDS: Ministry for Economic Affairs would be the best translation. They could have called me for both the ...
from "Economy Ministry should have given the French Institute a quick call"#4
toutatis: TDS, the problem is that there is work to do, quite a lot in fact. Skype is just moving their custom...
from "Skype "unplugs" Budapest call center"#1
wolfi: Can someone find out what nationality the managers are?
In Germany there are enough of those greed...
from "Deutsche Telekom investigated on suspicion of bribery at Hungarian unit"
- Budapest's oldest synagogue to be reopened
- Hungarian team on way to climb sixth highest mountain in Himalayas
- Hungary to join International Anti-Corruption Academy
- PM optimistic on Hungarian football
- Former policeman indicted for murder
- Hungary sees massive drop in demand for babysitters
- Zsolnay collection returns home
- Israeli Cultural Institute opens in Budapest
- Two people treated for West Nile Virus in Hungary
- Chinese man suspect in Norwegian student's murder
- BuSho Film Festival kicks off
- Two-Tailed Dog Party makes first appearance in public opinion polls
- Former Jobbik county leader lashes out at party chairman
- LMP missing the campaign buzz they had this spring
- Tarlós, Horváth officially registered as candidates for Budapest mayor
- LMP condemns Jobbik's "ghetto" proposal, urges root treatment of poverty
- Orbán says top-notch counter-terrorism center a must
- Jobbik proposes to set up "criminal zones" outside cities
- LMP working hard to run candidate for Budapest mayor
- Fidesz likely to sweep the board in local elections, say analysts
- Wine Fun for the Whole Family
- Hungary's Wine Producers Now Hoping for a Long "Old Women's Summer"
- Enjoy an Exciting Climax to This Year's Hungarian Cucumber Season
- Montenegrói Gurman New Leader in Endless Budapest Balkan Food Fight
- Hungarian Farmers Deny Claims of Widespread Pesticide Contamination
- Hungarian Consumers Still Find Organic Products Just Too Expensive
- Visegrádi and Auchan Cry Foul as Magazine Calls Their Water Unsafe
- Our Glasses are Raised as Budapest Gets Its Own Craft Beer Festival
- Harcsapaprikás
- Time For One Last Sweet Budapest Metro Underpass Ciggie!
- Miss Hungary is Missing Her Top
- World Media Suffers Premature Ejaculation Over Hungarian Online Virginity Auction
- Did America Almost Bomb Its Own Embassy in Budapest?
- Lift Up Your Hearts: A Tribute to Hungarian Filmmaking Great Alexander Korda
- OMG BRANGELINA WERE IN BUDAPEST THIS PAST WEEKEND LOOKING AT FLATS!!!
- Hungary on the Road to World Domination of Miss Plastic Beauty Contests
- Hungarian Media Cringes as Miss Universe Hungary Speaks English
- For Those Who Can't Go to the Fireworks, Újpest Brings the Fireworks to You
© Copyright 2004-2009 The All Hungary Media Group | About Realdeal.hu | Become an All Hungary Member | Contact Us | Advertise
Mr. Kiraly has to paint a positive picture - HU doesn't have the funds to stage a US buy out ala AIG; or the clout to force 2 banks to merge.
The best defense is a strong offense; though offending the intelligence of the public is likely to be remembered.