MNB alters Hungary's inflation aim

The National Bank of Hungary (MNB) will miss its inflation target for this year because of increasing crude oil prices and domestic wages, MNB President Zsigmond Jarai announced Monday.

Analysts said the central bank was forced to revise its inflation targets after it cut its benchmark rate by 200 basis points to 6.5% in January.

Inflation at the end of 2003 is likely to be higher than the central bank's current target of 4.5%, Jarai was cited as saying by newswire MTI.

Jarai cited rising world

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: