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PM Orban Announces That Pensions Will Rise By 5% Next Year (Instead of 3% Previously).

HUNGARY
  • PM Orban told lawmakers on Monday that Hungary will boost pensions by 5% in 2022 as inflationary pressures are expected to last longer than previously estimated.
  • Analysts have increased their inflation forecasts for next year, expecting inflation to stand at 4.5% at the end of 2022, above the NBH 4% upper tolerance band.
  • Hungary will hold its elections in April/May 2022 and PM Orban will try to preserve its popularity in the coming months.
  • Last month, Orban also announced a cap on fuel prices to stimulate consumer demand and limit the downside risk caused by the significant surge in energy prices in recent months.


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