UPDATE - Hungary may join eurozone at end of decade, says MNB

MNB

Hungary could join the eurozone at the end of the decade if its structural general government deficit is consistently 1.5% of GDP or lower and state debt is reduced to 56-57% of GDP, an analysis published by the National Bank of Hungary on Monday shows.

Conscientious preparation of economic policy is necessary to achieve the benefits of eurozone membership, according to the analysis.

Achieving the criteria in the analysis does not appear impossible, considering next year's budget bill targets a structural deficit of just 2% of GDP, said NBH director for macroeconomics Ágnes Csermely, answering a question.

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