• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
NBH deputy governor: Hungary economy robust!NBH deputy governor: Hungary economy robust!NBH deputy governor: Hungary economy robust!NBH deputy governor: Hungary economy robust!
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • The US ambassador harshly attacked the Hungarian government

Support us
Daily News Hungary Daily News Hungary · 12/05/2022
· Business

NBH deputy governor: Hungary economy robust!

Hungary’s economy is robust, with first-quarter growth estimated over 8 percent, which could put full-year growth around 4 percent, Barnabás Virág, deputy governor of the National Bank of Hungary, said on Thursday.

While the tight monetary policy remains, it is moving from the “aggressive” phase to the “gradual”, Virág told the Bankszektor 2022 conference organised by business daily Világgazdasag.

Virág augured a “protracted” fight against inflation and said CPI could peak in the third quarter.

He said average annual inflation could be “around 9-10 percent” this year.

At a monthly policy meeting late in April, the central bank’s rate-setters had put average annual inflation “in the upper third” of the 7.5-9.8 percent forecast in the NBH’s latest quarterly Inflation Report.

Hungary’s year-on-year CPI rose to 9.5 percent in April.

Read also:

  • Hungarian finance minister calls on EBRD to focus on central Europe
  • What’s next?! 35% increase in the Budapest rental market

Source: MTI

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
economy Hungarian economy money
Share

Hot news

  • Hungarian president: “Sanctions have hurt us more than Russia”

  • What happened today in Hungary? — 8 June, 2023

  • Hungary donates buses to Ukraine

  • Wizz Air performs well, but Ryanair performs even better

  • Hungarians would rather be closer to the Austrians and Germans than to the Russians

  • You only have to go as far as downtown Budapest to taste authentic Brazilian flavours – A la Gringa

Related posts

Runway Wizz Air
08/06/2023

Wizz Air performs well, but Ryanair performs even better


Read more
supermarket store food inflation
08/06/2023

Hungarian inflation down but still above 20 percent


Read more
Discount Sale Shopping
08/06/2023

Price cuts at Hungarian supermarket chain: dozens of products to be cheaper


Read more
szijjártó framatome paris paks
07/06/2023

France to take over Germany’s role in Paks II control system supply


Read more

4 Comments

  1. Anonymous says:
    13/05/2022 at 10:26

    Hungary’s inflation stands at 9.5%. Would always be wary of what the government tells us (or those connected with the government) fortunately we can research for ourselves. It actually went to 9.5% in April. Very nearly at a 21 year high.

  2. Daniel says:
    13/05/2022 at 14:49

    … Any conditions? Access to cheap Russian oil and gas? Keep our exchange rate in check? Ripple effects of removing certain price caps?

  3. Anonymous says:
    15/05/2022 at 08:21

    More ‘bust’ than ‘robust’. Now that the EU is not financing corruption what will the Hungarian government do?

  4. Discreditable : says:
    16/05/2022 at 20:28

    The FACTUAL position of the Hungarian Econony, is that it continues in a STRONG Downward Trend Motion.
    To expect any COMPENSATION from the European Union, is an idiotic position or thought process to adapt.
    The GROWING Debt of this present Hungarian Government, is ASTOUNDING.
    Inflation – the WRONGNESS of figures still being released by the present Government, as refered to by Anonymous, is just one of the main componentry of the Hungarian Balance Sheet – that is FULL of Falsification, of the actual Economic & Financial LANDSCAPE – in Hungary.
    Bleakness and deepening un-certainty, is the short, medium and long term – picture – for the Economic outlook – Hungary.

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

About us

Contact us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Hungarian president: “Sanctions have hurt us more than Russia”

Hungarian president: “Sanctions have hurt us more than Russia”

Read More
What happened today in Hungary? — 8 June, 2023

What happened today in Hungary? — 8 June, 2023

Read More
Hungary donates buses to Ukraine

Hungary donates buses to Ukraine

Read More
Wizz Air performs well, but Ryanair performs even better

Wizz Air performs well, but Ryanair performs even better

Read More
Hungarians would rather be closer to the Austrians and Germans than to the Russians

Hungarians would rather be closer to the Austrians and Germans than to the Russians

Read More
You only have to go as far as downtown Budapest to taste authentic Brazilian flavours – A la Gringa

You only have to go as far as downtown Budapest to taste authentic Brazilian flavours – A la Gringa

Read More
Hungarian inflation down but still above 20 percent

Hungarian inflation down but still above 20 percent

Read More
Hungarian battery factory workers fall ill, strike and investigation launched

Hungarian battery factory workers fall ill, strike and investigation launched

Read More
Hungarian FM: Global security at greatest risk in 70 years

Hungarian FM: Global security at greatest risk in 70 years

Read More
VIDEO: US CNN promotes a Hungarian event

VIDEO: US CNN promotes a Hungarian event

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?