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NBH Release January Press Statement

HUNGARY

Highlights from January meeting press release:

  • The pace of growth this year is likely to be slowed by both domestic and external demand factors.
  • The increase in inflation was entirely accounted for by a pick-up in fuel prices.
  • The effects causing a turnaround in inflation are expected to strengthen in the coming months.
  • The MNB still focuses on sustained shifts in financial market conditions, and it will maintain the current terms of its instruments introduced in mid-October until a trend improvement in risk perceptions occurs.

Click here to see full policy statement

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