• 05 Jul 2022

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Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation is expected to peak in autumn 2022, then gradually subside until it reaches the central bank’s tolerance band at the end of 2023, and the NBH target of 3% by 2024 H1, according to Gergely Baksay, director of the National Bank of Hungary (NBH).
Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Analysts describe the biggest rate increase by the National Bank for 14 years as shocking but laudable – and predict further increases until September.
Interest Rate Hiked by 185 Basis Points to 7.75% in Hungary

Interest Rate Hiked by 185 Basis Points to 7.75% in Hungary

Hungarian rate-setters (NBH) raised the base rate by 185 basis points to 7.75% at a monthly policy meeting on Tuesday.
'The Storm Before the Calm': Orbán Meets Friedman in Budapest

'The Storm Before the Calm': Orbán Meets Friedman in Budapest

Prime Minister Viktor Orbán met Hungarian-born US geopolitical strategist George Friedman in Budapest. Friedman presented his latest book, The Storm before the Calm, published in Hungarian by MCC Press.
Hungarian Opinion: Weeklies on the New Government

Hungarian Opinion: Weeklies on the New Government

After the swearing-in of the new Cabinet ministers last week, the weeklies try to make sense of the new composition of Prime Minister Orbán’s government. Two left-wing weeklies lament the sad state of the opposition.
Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

The new windfall taxes imposed on banks, insurers, retail chains, energy companies, telcos and airlines are not expected to burden consumers because the measure only taxes companies’ extra profits, Márton Nagy, the new minister for economic development, told a press briefing on Thursday.
Used Car Market Shifts to Higher Gear in Hungary

Used Car Market Shifts to Higher Gear in Hungary

Used car sales in Hungary were up 7.2% year-on-year to 69,113 in April, according to information from Datahouse.
GDP Growth High in Q1, Albeit From Low Base

GDP Growth High in Q1, Albeit From Low Base

  • 18 May 2022 9:12 AM
  • finance
Hungary’s GDP grew by an annual 8.2% in the first quarter, albeit from a low base, a first reading of data released by the Central Statistical Office (KSH) shows.
Annual Inflation Hits New 21-Year Record

Annual Inflation Hits New 21-Year Record

Consumer prices in Hungary grew by an annual 9.5% in April, up from 8.5% in the previous month, the Central Statistical Office (KSH) said on Tuesday.
Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation is expected to peak in autumn 2022, then gradually subside until it reaches the central bank’s tolerance band at the end of 2023, and the NBH target of 3% by 2024 H1, according to Gergely Baksay, director of the National Bank of Hungary (NBH).
Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Analysts describe the biggest rate increase by the National Bank for 14 years as shocking but laudable – and predict further increases until September.
Interest Rate Hiked by 185 Basis Points to 7.75% in Hungary

Interest Rate Hiked by 185 Basis Points to 7.75% in Hungary

Hungarian rate-setters (NBH) raised the base rate by 185 basis points to 7.75% at a monthly policy meeting on Tuesday.
'The Storm Before the Calm': Orbán Meets Friedman in Budapest

'The Storm Before the Calm': Orbán Meets Friedman in Budapest

Prime Minister Viktor Orbán met Hungarian-born US geopolitical strategist George Friedman in Budapest. Friedman presented his latest book, The Storm before the Calm, published in Hungarian by MCC Press.
Hungarian Opinion: Weeklies on the New Government

Hungarian Opinion: Weeklies on the New Government

After the swearing-in of the new Cabinet ministers last week, the weeklies try to make sense of the new composition of Prime Minister Orbán’s government. Two left-wing weeklies lament the sad state of the opposition.
Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

The new windfall taxes imposed on banks, insurers, retail chains, energy companies, telcos and airlines are not expected to burden consumers because the measure only taxes companies’ extra profits, Márton Nagy, the new minister for economic development, told a press briefing on Thursday.
Used Car Market Shifts to Higher Gear in Hungary

Used Car Market Shifts to Higher Gear in Hungary

Used car sales in Hungary were up 7.2% year-on-year to 69,113 in April, according to information from Datahouse.
GDP Growth High in Q1, Albeit From Low Base

GDP Growth High in Q1, Albeit From Low Base

  • 18 May 2022 9:12 AM
  • finance
Hungary’s GDP grew by an annual 8.2% in the first quarter, albeit from a low base, a first reading of data released by the Central Statistical Office (KSH) shows.
Annual Inflation Hits New 21-Year Record

Annual Inflation Hits New 21-Year Record

Consumer prices in Hungary grew by an annual 9.5% in April, up from 8.5% in the previous month, the Central Statistical Office (KSH) said on Tuesday.