The MNB slightly lowered the inflation data for 2015 to -0.1% from the 0.0% in the December report. For 2017, MNB only expects 2.4% inflation instead of the previous prediction of 2.6%.
According the report, the inflation goal of the central bank is still 3%, with the tolerance band at 4% and 2% respectively.
Economic growth in 2015 was at 2.9%, 0.1 percentage points lower than in the December Inflation Report.
GDP could grow by 2.8% in 2016, 0.3 percentage points higher than the previous estimate. Growth could accelerate to 3% in 2017 according to the report, in line with the MNBʼs earlier prediction in December.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
