MNB acknowledges increased downside risks to CPI
TOO SMALL, DO NOT USE
Downside risks to Hungary's inflation rate have increased, but falling prices have not affected future expectations yet, the National Bank of Hungary said on Friday, responding to a query by Reuters.
"The MNB has noted that downside risks to inflation have risen in the recent period, however, there are no significant second-round inflationary impacts as yet," the central bank told Reuters. Consumer prices in Hungary fell 0.9% in December year-on-year, declining more than expected.
"Achieving the medium-term inflation target points in the direction of maintaining current loose monetary conditions for an extended period," the MNB's Monetary Council said in the minutes from their last rate-setting meeting in December.
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.