ISTANBUL (MNI) – Some unconventional monetary policy tools could
remain at the disposal of Hungary’s central bank even in normal times,
National Bank of Hungary Governor Andras Simor said Tuesday.
During the crisis, Hungary took unconventional moves such as
broadening acceptable collateral, buying mortgage bonds and supplying
liquidity in foreign currency, Simor explained to an audience at the
Global Economic Symposium.
“I am sure some of these tools will disappear as the crisis fades
away,” he said. “But I think we certainly need to be ready to repeat the
excercise if and when — hopefully it will not happen — if and when we
need them.”
“Also I believe some of these instruments might be at our disposal
in normal times,” he said.
[TOPICS: M$$EC$,M$X$$$,MGX$$$,M$$CR$]
