Hungary's cb chief expects inflation around 7%

Average inflation in 2004 will be "around 7%," but will decline to 4-5% in 2005, Zsigmond Jarai, the president of central bank MNB told parliament's budget committee on Tuesday 21 September.

Jarai noted that the increase in the inflation rate this year was due entirely to tax hikes at the beginning of the year, therefore MNB cannot be held responsible for it. However, core inflation and economic developments make it possible for inflation to drop to 4-5% next year, he added.

The MNB governor e

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 indvidual account here: