Matolcsy: two-year competitiveness program needs to be launched

By: Trademagazin editor Date: 2022. 05. 19. 11:35

The central bank is proposing a two-year competitiveness program to the new government to restore the “dramatically upset” balance. The 12 pillars and 144 proposals of the Sustainable Balance and Catch-up were handed over to the Prime Minister about a month ago, Matolcsy György, President of the Magyar Nemzeti Bank (MNB) said at a professional conference in Budapest on Thursday.

The President of MNB said at an event presenting the program that “it is now up to the new government to decide what the new government will offer and whether we will win the next decade like the previous one.” In a decade of strong challenges, we need to find a new formula for success because the formula for past equilibrium growth has broken down, he said. (MTI)