Risks To the Upside For Rates

July 2008
Emerging Europe Monitor: Central Europe & Baltic States;Jul2008, Vol. 15 Issue 7, p3
Country Report
The article provides an outlook for the economy of Hungary through 2010. Analysts caution that there are upside risks to their forecast but they hold their view that the Hungarian policy rate will remain on hold at 8.50% through the remainder of 2008. The country's gross domestic product (GDP) reportedly expanded by 1.6% year-on-year in real terms in the first quarter of 2008 according to preliminary data. Adding to the positive outlook for Hungary is the direction of the forint, which has been appreciated against the euro since February 2008.


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