MNB vice president Auth warns against wage index

Inflationary pressures could build up in the Hungarian economy if next year's wage rises are linked to planned tax changes, warned the vice president of the national bank of Hungary Henrik Auth in an interview.

Source: Reuters

Hungary's centre-left government must avoid linking next year's wage rises to planned tax changes, as such indexation would increase inflationary pressure, vice president of central bank Magyar Nemzeti Bank (MNB) Henrik Auth said in an interview with Reuters on Wednesday.