Hungary Inflation Stays Above Target as Orban Urges Rate Cut

Hungary’s inflation remained outside of the central bank’s tolerance band for a 10th month, presenting a conundrum to policymakers under pressure from Prime Minister Viktor Orban’s government to cut interest rates.

The consumer-price index showed prices grew an annual 4.3% in September, the Budapest-based statistics office said on Wednesday. That was the same pace as in the two previous months and just below a 4.4% median estimate in a Bloomberg survey of 21 economists. Month-on-month, prices stayed flat.