The bank’s analysts believe the government debt could fall to near 77.5% by the end of 2015.

Oszlay said the central budget deficit is expected to stay below 3% of GDP both in 2014 and in 2015, but in 2014 this could require using up the general reserves of HUF 100 bln.

The bank’s analysts predict average inflation of just 0.2% this year, adding that twelve-month inflation could only exceed 1% in December.