News in Brief
NBH to do everything possible to restore and preserve price stability
Matolcsy said the central bank (NBH) would do everything possible to restore and preserve price stability.
Inflation
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News in Brief
FM: Hungary rejects “pushing the Russian narrative” on sanctions
Péter Szijjártó said no economy is suffering as much from the sanctions as that of the EU, where inflation has skyrocketed.
News in Brief
PM Orbán vows to cut inflation by at least half before end of 2023
The prime minister attributed rampant inflation to European Union sanctions against Russia.
Blog
The illogical folly of the West’s artificial recession
With the recent further pounding the forint has taken, I thought it a good time to turn to a piece this week by Martón Nagy, minister without portfolio in the...
News in Brief
Nagy: Global factors account for 80% of Hungarian inflation
The economic development minister said inflationary tensions were growing, and he also spoke of the risk of a recession.
News in Brief
Finance Minister: Fiscal policy and wages only had a mild effect on inflation
Hungary’s economy has rebooted at a fast pace, and up until the summer growth exceeded the pre-epidemic period.
News in Brief
Hungary's budget deficit at 2,922 BN and 6.5% inflation in Oct.
“The government is continuing its crisis management based on support for families, tax cuts and investment incentives", the finance ministry said.
News in Brief
Hungarian inflation stands at an annual 4.6 percent in July
Figures show that CPI was driven by higher cigarette, spirits and vehicle fuel prices, with spirits and tobacco prices rising 11.1 percent, lifted by an 18.1 percent increase in tobacco prices.
News in Brief
Finance Minister: Hungary's current high level of inflation is temporary
The central bank has already made a move to reduce inflation, having been the first European central bank to hike the base rate.
News in Brief
Hungarian Central Bank increases both economic growth and inflation forecast
The Central Bank has increased its 2019 inflation forecast from 2.9 to 3.1 percent and its GDP growth forecast from 3.5 to 3.8 percent
News in Brief
NBH says Hungary could see economic growth peak at 4.7 percent in 2018
The National Bank of Hungary has said that its quarterly Inflation Report due on Thursday could see economic growth peak at 4.7 percent in 2018, higher than the 4.4 percent forecast predicted earlier
News in Brief
Pénzügykutató and Századvég revise Hungary’s GDP growth forecast for 2018
Two leading economic research companies raised Hungary's GDP growth forecast this week
Prime Minister
PM Orbán: Nearly 10 billion EUR has been given to families since 2010
“Hungarians like to work, they can work hard and take initiative…and they are able to take responsible decisions,” the prime minister said