US EditionHungarian Central Bank Deputy Governor Resigns, Forint Slips on Announcement
14 Articles
14 Articles
They already know who will be nominated for Virág's position.
The storm suffered the most summary of the last six weeks after Barnabas Virag, the Deputy Governor of the National Bank of Hungary,...
The news is about the forint again in recent days, as the domestic currency recently strengthened to a one and a half year high against the euro. This is mainly due to the high interest rate level for months and the strict monetary policy of the Hungarian National Bank (MNB), which makes Hungarian assets popular with carry trade investors. The strengthening of the forint may also be supported by the options markets recently, as those issuing fin…
Barnabás Virág, who witnessed turbulent times at the Hungarian National Bank, has resigned from his position as vice president. In recent years, he announced the series of interest rate increases and then reductions in a dispassionate style, until Mihály Varga's appointment as president this year. After the forced departure of Márton Nagy, he became vice president during the presidency of György Matolcsy. If he were to write about the events of …
One of the most consistent professionals in domestic and international relations is leaving the central bank's direct management. The unexpected move has triggered nervous reactions in the foreign exchange market. With a sharp rebound ... ...
Hungarian central bank deputy governor resigns, forint slips on announcement
Barnabás Virág has resigned from his position as Deputy Governor of the Hungarian National Bank (MNB), the institution announced on Thursday morning. Virág, who was responsible for analysis, payment systems and central bank programmes, will remain at the bank as an adviser to the governor. His resignation comes ahead of the end of his mandate, which was set to expire in June 2026, Portfolio reports. For months, analysts had expected a change, es…
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