National Bank of Hungary launches Budapest Financial Summit to strengthen central bank cooperation

In his opening speech at the Budapest Financial Summit, National Bank of Hungary Governor Mihály Varga launched the event as a platform for central banks to share knowledge and policy approaches amid growing global fragmentation. He argued that international cooperation supports financial stability as technological change, geopolitical tensions, the energy crisis and sustainability challenges make uncertainty a permanent feature of the policy environment. Varga reiterated that price stability remains central banks’ primary objective, alongside financial stability. He highlighted artificial intelligence as a source of both opportunities and risks, calling for policies that maximize its benefits while containing the associated threats.