The CIB Bank expects slowing growth and rising inflation by 2019

By: Trademagazin editor Date: 2019. 05. 20. 11:35

This year, CIB Bank expects economic growth of around 3.5 percent, with stable inflation above three percent, however, with unchanged central bank base rate – Trippon Mariann, chief analyst of CIB Bank summed the bank’s latest forecast.

According to the analysis sent to MTI on Thursday, in a less supportive external environment, internal consumption will remain the engine of the economy, while demand-side inflationary pressures will push the consumer price index above the medium-term target. This, makes the slow, gradual normalization of monetary conditions unavoidable – analysts wrote. (MTI)

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