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Central bank governor Gyorgy Matolcsy, with a long track record of criticizing the Orban government, slammed the economic policy shift in mid-2021 and denounced attempts by cabinet members to curb the central bank’s independence. He accused Minister of National Economy Marton Nagy, the former deputy of MNB between 2017 and 2020, of spearheading these attacks. Matolcsy was speaking at an award ceremony organised by the Budapest Stock Exchange on February 29. According to Hungary’s chief banker, the consumption-driven economic growth model is doomed to fail, and the government needs to return to…

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