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NBH Release December Monetary Council Statement

HUNGARY

Highlights from the NBH's December press release:

  • In the Monetary Council’s assessment, maintaining the current level of the base rate for a prolonged period is required to achieve the price stability objective over the monetary policy horizon.
  • Hungary’s GDP is expected to grow by 4.5-5.0 percent in 2022, sees 2022 CPI at 14.5-14.7%
  • The termination of the price cap on fuels and higher-than-expected food prices have pushed the inflation path significantly higher than expected in September.

See full press release here: https://www.mnb.hu/en/monetary-policy/the-monetary...

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