Matolcsy: fastest economic recovery in 100 years may come
Keeping interest rate conditions unchanged means that we will continue to maintain a favorable financing position, said Matolcsy György, Governor of the Magyar Nemzeti Bank (MNB), at a press conference following the interest rate decision.
He emphasized that the jump in inflation is considered temporary by the central bank, and no price release is expected.
By the first quarter of next year, the change in prices will stabilize near the central bank’s target value of 3 percent, Matolcsy György indicated. (MTI)
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