Hungary introduces inflation targeting system

HUNGARY - The central bank council has approved that the National Bank of Hungary (MNB) operate a monetary system based on implicit inflation targeting, MNB president Zsigmond Jarai announced at a news conference 12 June.

This means that the current exchange rate-based regime will be replaced by the new inflation targeting system, he added. In the new system, the MNB, in agreement with the government, will set specific inflation targets for six quarters (18 months) in advance.

The central bank

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: