November 2005
Emerging Europe Monitor: Central Europe & Baltic States;Nov2005, Vol. 12 Issue 11, p3
Country Report
Country Report
The article focuses on the economic conditions of Hungary. The National Bank of Hungary (NBH) has announced a 25bps cut in interest rates in September to 6.00%. The backdrop to the decision was a fall in consumer price inflation to 3.6% year-on-year in August, while core price growth remained very low at 1.7% year-on-year. The NBH projects that consumer price inflation will fall to below 2.0% next year. Disinflation is occurring alongside an upturn in economic growth and despite fiscal imprudence. Data on population, exchange rate, trade balance, current account, foreign reserves and foreign debt is given for the years 2003 and 2004.


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