Hungarian Minister Urges Central Bank to Hike Inflation Goal
- Inflation unlikely to return to 3% goal, Minister Nagy Says
- Hungary has the the highest inflation rate in the EU
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Hungary may need to consider raising its inflation goal, Prime Minister Viktor Orban’s economy minister suggested, in an unusually sharp intervention in central bank policy from an key member of his government.
Price growth is unlikely to return near the central bank’s 3% goal, so it may be best to tweak the target itself, Economic Development Minister Marton Nagy wrote in an opinion piece for a pro-government daily published Monday.