• Home
• Channel: Finance
• Inflation Could Fall Below 6% in Hungary By Year-End, Predicts Central Bank Director

Inflation Could Fall Below 6% in Hungary By Year-End, Predicts Central Bank Director

• 22 Dec 2023 7:53 AM
• Hungary Matters

The annual consumer price index could fall below 6% by the end of the year, the disinflationary trend that started in 2023 will continue early next year and inflation will return to the central bank’s tolerance band in 2025, András Balatoni, a central bank director, told a press conference, presenting the National Bank of Hungary’s December Inflation Report.

Balatoni said disciplined monetary policy, government measures to strengthen competition, muted domestic demand and the significantly lower external cost environment were the factors supporting disinflation in 2023.

In its latest quarterly inflation report, the central bank projected annual average CPI of 17.6-17.7% this year, which could fall to 4.0-5.5% in 2024 and could sustainably return to the central bank’s 3 percent tolerance band in 2025.

Related links

Base Rate Cut by Central Bank in Hungary

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Inflation Central Bank

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Inflation in Hungary Predicted to Rise Over Coming Months, A National Bank Director Reveals

• 20 Dec 2024 6:38 AM

Inflation in Hungary will temporarily rise in the coming months, but will remain within the tolerance band throughout most of 2025, Andras Balatoni, a director of the National Bank of Hungary (NBH) said.



Non-Performing Loans at Hungarian Banks Falls Most in Region

• 11 Dec 2024 5:30 AM

The volume of non-performing loans at Hungarian banks fell by 9.5pc to EUR 4.2bn in the twelve months to the end of June, the largest decline among 17 countries in central, eastern and south-eastern Europe covered in a report by the European Bank for Reconstruction and Development (EBRD).



Central Bank Base Rate Remains Unchanged in Hungary at 6.50% - Here's Why

• 19 Nov 2024 4:58 PM

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.



Will We See 'Fantastic' Results from New Economic Policy in Hungary?

• 25 Oct 2024 11:38 AM

The government's new economic action plan could produce "fantastic results" in 2025, if Hungary follows through with its policy of economic neutrality, Prime Minister Viktor Orban said in a weekly interview with public radio on Friday.