Posted 11/27/2023, 8:23:00 AM
Polish, Hungarian Central Bankers Face Political Pressure Over Inflation Policies
- Central bank governors in Poland and Hungary face political pressure over rate-setting policies
- Incoming Polish government seeks to oust central bank governor Adam Glapinski
- Hungarian government pushes for further sharp rate cuts from governor Gyorgy Matolcsy
- Poland and Hungary facing high inflation for years, testing credibility of central banks
- Political meddling in central banks associated with sustained high inflation in emerging markets