The third meeting of Central and Eastern European central bank governors

On 20 March the Magyar Nemzeti Bank hosted a working meeting of six Central European central bank governors in Budapest. The meeting was the third in the row of regular meetings of governors of central banks of the region following in each case the regular March General Council Meeting of the European System of Central Banks. The governors of Banka Slovenije, Česká národní banka, Magyar Nemzeti Bank, Narodowy Bank Polski, Národná Banka Slovenska and Oesterreichische Nationalbank. The participants discussed the impact of the financial crisis on the Central European economies and the various policy responses of the participating countries. As Austrian-owned banks have been the main creditors of the region, who have provided cheap euro-credit that had crowded out HUF, PLN and CZK loans, there must have been a lot of common headaches. (Slovakia and Slovenia had introduced the euro earlier).