The CIB Bank expects slowing growth and rising inflation by 2019

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)