TITLE

Central Bank Dilemma

PUB. DATE
June 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Jun2005, Vol. 12 Issue 6, p2
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports that the inflation in Hungary is below target and falling, while rising unemployment could soften domestic demand. The budget deficit is consistently overshooting, and peer pressure for consolidation has been weakened by the dilution of the European Union Stability and Growth Pact (SGP), thereby increasing the risks that fiscal and monetary policies will become misaligned. Hungary is now a member of the European club, with the European Central Bank pondering exactly the same policy tensions with regard to repeated SGP miscreants France and Germany.
ACCESSION #
17076982

 

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