Downside Risks To Our Interest Rate Forecast

July 2009
Emerging Europe Monitor: Central Europe & Baltic States;Jul2009, Vol. 16 Issue 7, p5
Country Report
The article presents information on the economic condition in Hungary and offers an outlook for 2009. On May 25, the National Bank of Hungary (NBH) has voted to maintain its key base rate at 9.50%. It is noted that concerns over financial stability and an increased inflation risk remain. In April 2009, the country's consumer price index (CPI) growth rose to 3.4% year-on-year, reflecting a weak exchange rate.


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