According to the vice president of the MNB, brutal inflation may stay with us until next summer

Barnabás Virág explained the background of today’s interest rate hike in an online background discussion from three o’clock on Tuesday afternoon. As is well known, the Monetary Council raised the base interest rate by 100 basis points to 10.75 percent, and according to the vice-president of the MNB, the reason behind the decision is the still increasing inflation. Barnabás Virág then spoke about the fact that inflation could last longer and peak at a higher level.