Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Hungary has informed IMF on budget outlook -Simor

Published 10/13/2010, 01:37 AM
Updated 10/13/2010, 01:40 AM

BUDAPEST, Oct 13 (Reuters) - Hungary's economy ministry has informed leaders of the International Monetary Fund about the economic and budget outlook during a recent visit to Washington, the central bank governor said on Wednesday.

Central bank governor Andras Simor told public radio MR1 Kossuth in an interview that Hungary could finance itself from markets and there was no need for an IMF/EU-type lending agreement to finance the deficit and the current account.

However, he added that such a funding source would probably be cheaper than market-based debt issuance. Simor also said he had no information that any banks would be planning to leave Hungary.

(Reporting by Gergely Szakacs; Editing by Kazunori Takada)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.