"On Monday, November 3 and Tuesday, November 4, several Hungarian media outlets misinterpreted the macroeconomic situation assessment presented by Dávid Németh, K&H's chief analyst, at Monday's press conference. Therefore, K&H reiterates its position to avoid misunderstandings," K&H wrote in its statement.

The"repetition" was preceded by Prime Minister Viktor Orbán's personal outburst on his Facebook page regarding the assessments formulated by the bank's analyst and their interpretation published in the press.

The Prime Minister said:"The order has been placed. Yesterday, a leading analyst from a major Belgian bank also joined the anti-government chorus. Hungary has been a source of irritation to the international banking world for a long time. Their problem is that we have included them in the public burden with the bank tax. That is why they are plowing away at every step."

In fact, the bank's analyst did not express any particular criticism. As the bank's statement puts it:"Dávid Németh said on Monday that the budget was still in a good position in 2024, as the primary balance - excluding interest expenses - showed a balance. However, based on the current outlook, the primary deficit could increase to 2-2.5 percent of GDP by the end of 2026,

With interest payments of 3.5 percent, the total deficit would be 6 percent if no measures are taken. If these are not taken, the credit rating agencies may downgrade Hungary's rating.

"As an independent financial institution, K&H emphasizes that whichever political force wins the parliamentary elections next April, adjustments may be necessary to avoid a more unfavorable credit rating," the bank writes.