Hungary revamps inflation report

The National Bank of Hungary will unveil a new and improved inflation report next week in a bid to improve the effectiveness of its monetary policy communications.

The central bank said on Tuesday that the new report would feature a model that took into account the reaction of monetary policy to macroeconomic developments. This would replace the existing model, which presents the likely path of the economy assuming unchanged interest rates and exchange rates.

As a consequence, the central bank s

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