Marton Kasnyik

1 week ago | bloomberg.com | Marton Kasnyik |Zoltan Simon

Mihaly Varga(Bloomberg) -- Hungary’s central bank kept interest rates unchanged as expected, with policymakers focused on curbing still-high inflation expectations despite improving headline price data and a shrinking economy. The National Bank of Hungary held its benchmark rate steady at 6.5% for an eighth month on Tuesday, matching the estimate of all 19 economists in a Bloomberg poll. The key interest rate is tied with Romania’s for the highest in the European Union.

1 week ago | bloomberg.com | Marton Kasnyik |Max Ramsay

A demonstrator holds a rainbow flag as participants protest against the policy of Hungary's Prime Minister Viktor Orban in front of the parliament building in Budapest, Hungary, on May 1. (Bloomberg) -- European Union member states demanded that Hungary reverse its most recent anti-LGBTQ legislation, and called on the bloc’s executive to take action if Prime Minister Viktor Orban’s government fails to do so.

2 weeks ago | bloomberg.com | Andras Gergely |Marton Kasnyik

The International Criminal Court in The Hague. (Bloomberg) -- Hungarian lawmakers approved the exit from the International Criminal Court, cementing another move by Prime Minister Viktor Orban away from the European mainstream. The vote by parliament in Budapest on Tuesday marked a step in a process kicked off last month when Orban hosted Benjamin Netanyahu in Budapest.

4 weeks ago | bloomberg.com | Aliaksandr Kudrytski |Marton Kasnyik

(Bloomberg) -- Ukraine and Hungary expelled diplomats in a tit-for-tat move that followed the detention of two people who authorities in Kyiv said had been spying for its European Union neighbor. The relations between the countries have deteriorated sharply after Hungarian Prime Minister Viktor Orban emerged as Ukraine’s main antagonist in the EU since Russia’s invasion began. He’s opposed military aid to the war-torn country and maintained friendly ties with Russian President Vladimir Putin.

1 month ago | news.bloombergtax.com | Zoltan Simon |Marton Kasnyik

Hungary’s central bank pledged not to cut interest rates any time soon due to the potential side-effects from the ongoing global trade war. Hungary needs a “cautious and patient” monetary policy because the tariff conflict poses upside risks to inflation and is a source of financial-market volatility, particularly on emerging markets, Governor Mihaly Varga told reporters on Tuesday.