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Hungary’s inflation rise is expected to be temporary, with annual inflation coming to 3.8-3.9% in 2021, András Balatoni, the director of the central bank, said.
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The National Bank of Hungary expects Hungary’s GDP to grow by 4-6% this year, forecasts from its latest quarterly Inflation Report show.
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The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 0.60% at a monthly policy meeting.
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The Orbán cabinet spent Ft 288.6 billion on sports and Ft 153.6 billion on churches between March 20, 2020 and March 19, 2021, while it assigned only Ft 60.7 billion to healthcare, a summary compiled by the website Menedzsment Fórum (Mfor) reveals.
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Two chief economists of the Hungarian National Bank dismiss the suggestion, broadly held among left-wing US economists, that governments have no reason to worry about high levels of public debt.
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Budapest has jumped to 85th place from 101th last year on the Global Financial Centers Index, which was published on Thursday for the 29th consecutive year by the Z/Yen Group.
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