Monetary Easing To Continue In Q108

February 2008
Emerging Europe Monitor: Central Europe & Baltic States;Feb2008, Vol. 15 Issue 2, p3
Country Report
The article states that Hungary's monetary easing will continue in the first quarter of 2008. Increasing food prices caused by the 2007 drought, together with rise in global soft commodity prices resulted to the inflation which started in November 2007. According to the article, the 2008 wage deal giving private sector employees a pay increase of between 5 to 7.5%, when finalized, will further increase inflation.


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