Hungary’s inflation could be less than 3 percent this year and could stabilise at around 3 percent in the long run, according to a senior offic
Central Bank Sees 2020 Inflation at Below 3%

Central Bank Sees 2020 Inflation at Below 3%

Central Bank Sees 2020 Inflation at Below 3%

Central Bank Sees 2020 Inflation at Below 3%

Central Bank Sees 2020 Inflation at Below 3%

Central Bank Sees 2020 Inflation at Below 3%
Central Bank Sees 2020 Inflation at Below 3%
  • 2020-03-26 13:00:04 13 days ago
  • Views 3,380
0
Shared

Hungary’s inflation could be less than 3 percent this year and could stabilise at around 3 percent in the long run, according to a senior official of the National Bank of Hungary.

András Balatoni, head of the central bank’s forecast and analysis department, said that annual core inflation was below projections, mostly because of plummeting oil prices, which counterbalance an increase in the price of raw food materials.

Coronavirus’ Brutal Economic Impact in Hungary Already Felt

Balatoni said that the Hungarian economy’s outlooks were uncertain in view of the coronavirus epidemic, but added that Hungary’s GDP could still be 2 percentage points higher than the European average this year.

Featured photo illustration by Márton Mónu/MTI

The post Central Bank Sees 2020 Inflation at Below 3% appeared first on Hungary Today.

Ads Links by Easy Branches
https://www.passtechusa.com/q71qxv5kt2?key=fce98667b547cdec45c44114599b7d22

What you think about this story?
Central Bank Sees 2020 Inflation at Below 3%