Hungarian Inflation Remains Steady at 5%

2021. június 10.

ING Think

The reopening effect hasn’t reached consumer price statistics just yet in Hungary despite anecdotal evidence fuelling expectations. Even though headline inflation remained flat at 5.1% YoY in May, we think the central bank should stick to its guns with a 15bp rate hike affecting both the 1-week deposit rate and the base rate at the June meeting.