Júlia Király: A policy recipe for successful convergence of CESEE countries 1 in the post crisis world Speech by Ms Júlia Király, Deputy Governor of Magyar Nemzeti Bank (the central bank of Hungary), at the Conference on European Economic Integration (CEEI) 2010, Vienna, 15 November 2010.
This policy differs from the Bank’s past monetary easing policies, as well as monetary easing policies implemented by major central banks overseas, in that its policy effects focus on dispelling deflationary expectations by directly working on people’s expectations; in other words, on raising people’s inflation expectations. BIS central bankers’ speeches  1  The QQE The QQE comprises two elements.