Rates Heading To 9.25%

August 2008
Emerging Europe Monitor: Central Europe & Baltic States;Aug2008, Vol. 15 Issue 8, p3
Country Report
This article provides an outlook for the performance of the Hungarian economy in 2008. Business Monitor International (BMI) revises its monetary policy outlook for the country to the upside, with the National Bank of Hungary (NBH) policy rate expected to rise. BMI believes higher interest rates will help the economy as real gross domestic product (GDP) growth to come in at just 1.8 percent. It also expects the scenario to keep the exchange rate buoyed.


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