Hungary’s central bank fights inflation: here’s how
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In the current global economic climate, central banks can contribute most effectively to sustainable economic development by achieving price stability and maintaining financial market stability, the central bank governor said on Friday.
Although emerging markets are more sensitive to the volatile market environment, the Hungarian economy maintains its stability, Mihály Varga said after a meeting of European Union economic and finance ministers and central bank governors (ECOFIN) in Copenhagen, according to a statement by the National Bank of Hungary.
Varga said that household consumption, supported by dynamic wage growth, remained the basis for growth in the Hungarian economy. Restoring confidence and reviving the European economy were also key to boosting growth in the second half of the year, he added.
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Varga said that in order to stimulate corporate investment, the central bank had launched a qualified corporate loan, which, by mobilising the liquidity and capital surplus available in the banking system, provided easily accessible, forint-based funding for small and medium-sized companies’ investments.
Well. At least our annual inflation rate is at a predictable 4 plus percent – in the vanguard of the EU!
https://ec.europa.eu/eurostat/web/products-euro-indicators/w/2-17102025-ap?
And look what we are trying to beat! Last years half percent (!) GDP growth…
https://tradingeconomics.com/country-list/full-year-gdp-growth?continent=europe
Oops – people … Trouble in paradise! Check out Hungary in this chart.
https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Quarterly_national_accounts_-_GDP_and_employment#Quarterly_GDP_growth