MNB cuts inflation forecast to 1.7% for 2016

Food

The National Bank of Hungary (MNB) on Tuesday cut its inflation forecast to 1.7% in 2016 in the fan chart of its December Inflation Report compared to the 1.9% inflation it predicted in its earlier Inflation Report in September.

The MNB left the inflation forecast for 2015 unchanged at 0%. In a new data release for 2017, MNB predicts inflation will be at 2.6%.

According to the fan chart, the inflation goal of the central bank is still 3%, with the tolerance band at 4% and 2% respectively.

Economic growth in 2015 is forecast to be 3%, 0.2 percentage points lower than in the September Inflation Report.

GDP could grow by 2.5% in 2016, unchanged from the previous estimate, and by 3% in 2017, according to new data.

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

Operative corps for economic recovery decides on further mea... Government

Operative corps for economic recovery decides on further mea...

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.