The MNB raised its inflation forecast for this year to 7.5-9.8 percent

By: Trademagazin editor Date: 2022. 03. 22. 11:45

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The central bank has raised its inflation forecast to 7.5-9.8 percent this year and lowered its GDP expectation to 2.5-4.5 percent, according to key figures in its latest Inflation Report released on Tuesday.

MNB raises high inflation forecast

The previous December Inflation Report included 4.7-5.1 percent inflation this year and a 4-5 percent GDP expectation.

The MNB still expects that the rise in consumer prices will start to decline from 2022, with inflation likely to be 3.3-5.0 percent in 2023 and 2.5-3.5 percent in 2024, according to the latest forecast.

In December, the central bank still expected inflation to be between 2.5 and 3.5 percent in 2023 and 2024. (MTI)