Hungary: Staff Report for the 2006 Article IV Consultation

October 25, 2006

Preview Citation

Format: Chicago

Hungary: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 24, 2024

Summary

The principal policy task in Hungary is to place public finances on a sound footing. For monetary policy, the challenge is to identify one-off inflationary influences, communicate these to the public and financial markets, and deal with second-round effects. From a risk-management perspective, a floating exchange rate regime is best suited to Hungary’s present needs. Although the banking sector has valuable safeguards, recent trends call for more proactive supervision and regulation. Improving labor market performance and enhancing competitiveness are tied in important ways to fiscal reforms.

Subject: Currencies, Exchange rates, External debt, Foreign exchange, Inflation, Money, Prices, Public debt

Keywords: Banking sector, CR, Currencies, Debt, Debt ratio, Deficit, Deficit number, Exchange rates, Foreign currency lending, GDP, Global, Government, Inflation, ISCR, Market reaction, Twin deficit problem

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/379
Stock No:

1HUNEA2006002
ISBN:

9781451818055
ISSN:

1934-7685

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