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Top related persons:
Adam Glapinski - 1 Gyorgy Matolcsy - 1 Viktor Orban's - 1 Donald Tusk's - 1 Karen Vartapetov - 1 Paul Gamble - 1 Glapinski's - 1 Glapinski - 1
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Hungarian Poland Hungary BUDAPEST Europe Turkey Argentina WARSAW
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WARSAW - 1 Law and Justice - 1 U.S . Federal Reserve - 1 EU - 1 Sovereign - 1 Investor - 1 Emerging - 1 Fitch - 1

Search resuls for: "Karen Vartapetov"


2 mentions found


☆ Political noise distracts central Europe's rate-setters
  + stars: | 2023-11-27 | by ( Pawel Florkiewicz Gergely Szakacs Marc Jones | Pawel Florkiewicz | Gergely Szakacs | ) www.reuters.com   time to read: +5 min
In Hungary, central bank governor Gyorgy Matolcsy is under pressure from Viktor Orban's government to cut rates further ahead of local and European Parliament elections next year. Reuters GraphicsTANGIBLE BENEFITSA 2021 World Bank survey found that political meddling in central bank policy led to sustained periods of high inflation in emerging market economies such as Turkey and Argentina. "Attempts to bring the president of the NBP before the State Tribunal can be directly interpreted as an attack on the independence of the central bank," the spokesman said. How those premia evolve will depend partly on how politics in Poland and Hungary is perceived by investors to influence the central banks in the months to come. "Everything else being equal, the less independent the central bank, the more real yield you need to have to be compensated for the risk," said Arif Joshi at Lazard Asset Management.
Persons: Adam Glapinski, Gyorgy Matolcsy, Viktor Orban's, Donald Tusk's, Karen Vartapetov, Paul Gamble, Glapinski's, Glapinski, Marta Kightley, Orban, Peter Virovacz, Arif Joshi, Karol Badohal, Gergely, Mark John, Toby Chopra Organizations: WARSAW, Law and Justice, U.S . Federal Reserve, EU, Sovereign, Investor, Emerging, Fitch, Local, ING, Lazard Asset Management, Thomson Locations: Hungarian, Poland, Hungary, BUDAPEST, Europe, Turkey, Argentina, WARSAW
☆ Off-budget spending stirs doubts about Poland's finances
  + stars: | 2022-12-21 | by ( Anna Koper Pawel Florkiewicz Gergely Szakacs | Anna Koper | Pawel Florkiewicz | ) www.reuters.com   time to read: +7 min
Off-budget spending, where the cost of activities deemed to have special characteristics is not included in the official budget, is widely used across the world. In Poland, it was initially deployed for spending to weather the pandemic but now encompasses a surge in military and other expenditures. "Budget funds are becoming less and less transparent," Supreme Audit Office President Marian Banas told Reuters. Importantly, they note that the off-budget spending still gets captured under European accounting rules. In recent years, Poland's off-budget spending has gone from insubstantial amounts to several percentage points' worth of GDP, based on spending tracked by economists and rating agencies.
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