Hungarian central bank augurs slowdown in pace of inflation after September
The National Bank of Hungary (Magyar Nemzeti Bank, MNB) expects CPI (Consumer Price Index) to continue to rise for the rest of the year, but at a slower pace after September, a central bank director said on Thursday.
Presenting the MNB’s latest quarterly inflation report, Andras Balatoni said CPI would continue to climb in the remaining months of 2022, driven mainly by factors outside of the scope of monetary policy.
He added that the increase would be “front-loaded”, with most showing up in the September CPI, followed by increases “at a slower pace” in the following months.
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Source: MTI
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