Bloomberg News

Hungary Cabinet, Central Bank Mull Monetary Stimulus, Heti Says

October 26, 2011

Oct. 26 (Bloomberg) -- Hungary’s government and the central bank are in talks on a possible monetary stimulus plan that may include the Magyar Nemzeti Bank buying mortgage notes and corporate bonds, Heti Valasz reported, citing an interview with Economy Minister Gyorgy Matolcsy.

A potential downgrade of Hungary’s sovereign credit to junk, which is a “real threat,” wouldn’t cause a rise in the country’s risk premium, Matolcsy said, according to an interview to be published in Heti Valasz tomorrow, a copy of which was obtained by Bloomberg News.

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