picture of György Matolcsy

The Hungarian National Bank (MNB) expects inflation to be around 5% this year and next, with a forecasted range of 4.7-5.1% for 2022, said György Matolcsy to business site Portfolio.

Matolcsy said that while inflation ended up being close to their desired rate of 3% in 2020, this will not be true for 2021, and likely not for 2022 either.

According to the governor of Hungary’s central bank, the rise in inflation is a global phenomenon caused by the coronavirus and the narrow recovery period, but it is a high price to pay for the world economy to get on its feet again.

Inflation is everyone’s public enemy, especially central banks

-said the MNB Governor.

The latest inflation report by the MNB is expected on December 14.

[24.hu]

close
logo

Our website is just part of the picture

Get the FULL picture in our daily newsletter

By subscribing you agree to receive our newsletter and agree with our privacy policy.

By Steven N.

Steven is the editor-in-chief of Hungarian Politics. He has been following the political scene in Hungary and the Central European region more or less since 1994.