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.
Matolcsy said the central bank (NBH) would do everything possible to restore and preserve price stability.
Péter Szijjártó said no economy is suffering as much from the sanctions as that of the EU, where inflation has skyrocketed.
The prime minister attributed rampant inflation to European Union sanctions against Russia.
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...
The economic development minister said inflationary tensions were growing, and he also spoke of the risk of a recession.
Hungary’s economy has rebooted at a fast pace, and up until the summer growth exceeded the pre-epidemic period.
“The government is continuing its crisis management based on support for families, tax cuts and investment incentives", the finance ministry said.
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.
The central bank has already made a move to reduce inflation, having been the first European central bank to hike the base rate.
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
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
Two leading economic research companies raised Hungary's GDP growth forecast this week
“Hungarians like to work, they can work hard and take initiative…and they are able to take responsible decisions,” the prime minister said