Hungarian Central Bank Knocks Down GDP and Raises Inflation Forecasts

2022. március 25.

bne IntelliNews

The Hungarian National Bank (MNB) has hiked its inflation forecast for this year to an average of 7.5-9.8%, up from 4.7-5.1% in December, and slashed its growth forecast to 2.5-4.5% from 4-5%, as the country braces for the full impact of Russia's invasion of Ukraine on commodity prices and global growth.