The forecasts in the fresh Inflation Report were raised from 2.8% for household consumption and 4.1% for investments in the previous report published in March.
In spite of the higher projections, the MNB left its forecast for next yearʼs GDP growth unchanged at 3%.
The MNB raised its forecast for household consumption growth this year to 4.3% from 3.5%. But it knocked down its projection for investments to a contraction of 2% from 0.3% growth forecast in March.
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