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NBH Release March Press Statement and New Inflation Forecast

HUNGARY

Highlights from the press statement:

  • The current level of the base rate is adequate to manage fundamental inflation risks.
  • It is necessary to maintain the current level of the base rate over a prolonged period.
  • In the coming months, the consumer price index is expected to decrease slowly at first, then at an increasingly rapid pace.
  • The MNB closely monitors the extent and persistence of changes in the risk environment.
  • Inflation is projected to be 15.0%–19.5% in 2023, 3.0%–5.0% in 2014
  • GDP will increase by 0.0%–1.5% in 2023, by 3.5%–4.5% in 2024

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

March inflation report here: https://www.mnb.hu/letoltes/honlapra-fanchart-en-2...

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