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The central bank governors of Poland and Hungary are caught up in noisy disputes with opponents over their rate-setting policy, raising new hazards for investors willing to brave central Europe's... -November 27, 2023 at 02:15 am EST - MarketScreener
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The central bank governors of Poland and Hungary are caught up in noisy disputes with opponents over their rate-setting policy, raising new hazards for investors willing to brave central Europe's bitterly polarised politics. In Poland, governor Adam Glapinski stands accused of having tried to boost the economy with rate cuts to help his longtime allies in the Law and Justice (PiS) party secure a new term in last month's elections - unsuccessfully, as it turned out. In Hungary, central bank governor Gyorgy Matolcsy is under pressure from Viktor Orban's government to cut rates f...