MNB expects household investments to grow dynamically
Experts of the National Bank of Hungary (MNB) expect household investments to grow dynamically in the coming period as household consumption increases in proportion to incomes, the MNBʼs chief analyst András Balatoni said Thursday at a press conference presenting the bankʼs fresh Inflation Report, Hungarian news agency MTI reported.
Household consumption will grow by 4.4% this year, 3.7% in 2018 and 3% in 2019. The MNB projects 3.6% economic growth this year and 3.7% in 2018.
The MNB published the main figures of its Inflation Report on Tuesday, lowering its inflation forecast for this year from 2.6% to 2.4%, and from 3.0% to 2.8% in 2018.
Accordingly, the analysts project more modest inflation on the entire forecast horizon.
The forecast for 2019 has not been changed compared to the March report; the MNB projects 3.0% inflation and 3.2% GDP growth.
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.