BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban has an ace up his sleeve as he tries to revive a recession-bound economy and secure his political future: soon he can take full control of a central bank which has long resisted his will.
By March Orban will pick a new National Bank governor who is likely to flood the economy with cheap credit using unconventional tools - the kind of measures that are controversial enough in giants such as the United States, let alone in a small emerging economy like Hungary's.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
