Rate Cuts Off The Short-Term Agenda

August 2009
Emerging Europe Monitor: Central Europe & Baltic States;Aug2009, Vol. 16 Issue 8, p1
Country Report
The article offers updates related to inflation in Hungary in 2009. Inflation grew from 3.4% in April to 3.8% in May on a year-to-year basis. The growth is attributed to the global increase of food oil and utilities prices. It forecasts that the country's inflation rate will remain above-target even if global commodities will decline. The National Bank of Hungary (NBH) will tighten the monetary policy until the second half of the year.


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