MNB director: inflation peaks in the autumn months

By: Trademagazin editor Date: 2022. 06. 30. 11:44

Inflation peaks in the autumn months and then slowly declines, returning to the central bank’s tolerance band at the end of 2023 and reaching the 3 percent target in the first half of 2024, said the managing director of the Magyar Nemzeti Bank (MNB) at an online press conference on Inflation on Thursday.

Inflation could peak well above 10 percent in fall

Inflation is peaking higher and more persistently than previously expected, with cost-side factors and inflation rates rising further since the previous Inflation Report – Baksay Gergely explained that the Central Bank had raised its inflation forecast to 11.0-12.6 per cent this year. in its latest Inflation Report from the 7.5-9.8 percent expectation in the March report. (MTI)