Economics
Hungary Stays on Path to Monetary Tightening as Prices Rise
- Analysts see beginning of policy normalization in March
- Central bank says core price gauge may top 3% in coming months
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Hungary’s central bank left its monetary policy unchanged, staying on a path toward eventually ending ultra-loose monetary policy as it assesses the need to curb brewing inflation pressures.
Rate setters left all interest rates unchanged Tuesday and repeated signals that they were closely monitoring core inflation data to decide on when to start winding down years of stimulus. Analysts expect the central bank to commence monetary-policy tightening in March, when they’ll review their stance based on updated economic forecasts.