National Bank of Hungary To Hike Again

December 2006
Emerging Europe Monitor: Central Europe & Baltic States;Dec2006, Vol. 13 Issue 12, p2
Country Report
Country Report
The article reports on the decision of the National Bank of Hungary to raise interest rates on October 24, 2006. Central bank governor Zsigmond Jarai cited falling oil prices and renewed inflows into Hungarian local markets as the factors for the increase. The government plans to reduce budget deficit to below 3 percent of gross domestic product by 2010. The question remains open on who will replace Jarai in March 2007.


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