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Adjusted for seasonal and calendar-year effects, second-quarter GDP rose also by an annual 6.5%. In a quarter-on-quarter comparison, adjusted GDP rose by 1.0%.
XpatLoop Media Partner
Analysts of MBH Bank expect the forint, which has reached a two-year high against major currencies, to remain strong for the rest of the year, reducing inflation expectations.
The National Bank of Hungary (NBH) pointed to indications of accelerating underlying inflation in a quarterly report published.
The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting.
Hungary’s economy stagnated in the first quarter of 2025, with gross domestic product showing no growth on raw data and contracting 0.4% on seasonally and calendar-adjusted terms year-on-year.
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