Similar criticism has previously been made by, among others, Prime Minister Viktor Orbán.
Central Bank Governor Mihaly Varga has previously shaken off monetary policy criticism from Orbán and Nagy and kept the key interest rate unchanged for over a year - which has lifted the forint by around 5 percent since the turn of the year.
Nagy says in an interview with the online newspaper Index news that lower inflation has created room for interest rate cuts.
We have already thought so before, but if the central bank is more cautious, I would say “better late than never,” says Nagy.
The forint fell almost 1 percent to 391.42 per euro after the publication of the interview; the lowest level for the Hungarian currency in two months.
