Matolcsy: Tackling inflation 'top priority'

Inflation is central banks' greatest foe, and tackling it is a vital step towards creating monetary sustainability, Gyorgy Matolcsy, the governor of Hungary's central bank (NBH) wrote in an article published by magyarnemzet.hu on Monday. Eighty percent of Hungary's inflation is imported, Matolcsy noted. The governor also said the NBH's general quantitative easing programmes would be replaced by targeted credit facilities.