01641cas a2200241 a 4500 AALejournalIMF007023 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455216642 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Hungary : Staff Report for the 2010 Article IV Consultation and Proposal for Post-Program Monitoring. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (58 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Hungary was severely affected by the crisis. The financial sector has remained resilient throughout the crisis. The Central Bank (MNB) paused in mid-2010 and has tightened interest rates by 50 basis points since November in response to a sharp rise in risk premia and higher headline inflation prints. The importance of addressing financial sector vulnerabilities is discussed. Executive Directors welcomed efforts to support distressed mortgage holders, as long as moral hazard and fiscal costs are contained. A medium-term framework was implemented. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2011/035 Full text available on IMF http://elibrary.imf.org/view/journals/002/2011/035/002.2011.issue-035-en.xml IMF e-Library