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NBH Needs Longer Monetary Tightening To Continue Its Combat Against Inflation

HUNGARY
  • The NBH mentioned in its statement that it needs longer monetary tightening cycle to continue its combat against inflation.
  • It will also continue the process of aligning the base and weekly rates.
  • The central bank now sees inflation at 7.5% -9.8% in 2022 and at 3.3% -5% in 2023.
  • The NBH cut its 2022 GDP forecast to 2.5%-4.5%.


Link to full statement:

https://www.mnb.hu/en/monetary-policy/the-monetary...

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