CIB analysts expect the MNB to start tightening policy in the first half of 2016, she noted. Trippon foresees the weakening of the forint against other currencies in the upcoming one and a half years.
She said that the bank’s analysts expect the forint to be around 305-315 to the euro for the rest of the year. Trippon put average annual inflation around 0% for this year. The MNBʼs 3% mid-term inflation target could be reached by the end of 2016 at the earliest, she added.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
