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NBH To Continue To Tighten Until Inflationary Pressures Ease

HUNGARY
  • NBH mentioned in its statement that the central bank will continue to tighten until inflationary pressures ease.
  • The NBH will also continue to raise its weekly rate further.
  • The central bank added that the 'base' rate will gradually catch up with the 1W deposit rate.
  • CPI and core CPI inflation are expected to diverge in the coming months.

Link to statement:

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

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