Posts
For the 2nd consecutive month...the central bank raised the benchmark interest rate...this time...to 7%...from 6.5%.
PM Viktor Orban criticized the move...as countering growth...during a slowing eurozone economy.
Orban has differed with the c.bank many times...and a proposed new law endeavors to wrest away more control from the c.bank.
In fact...the ECB has criticized the law for threatening the bank's independence...and the European Commission has asked Hungary not to pass it.
