Hungary: Economic Growth Only in 2014

Politics ♦ Published: March 29, 2013; 15:07 ♦ (Vindobona)

The MNB, the National Bank of Hungary estimates economic growth to further stagnate in 2013 but forcasts positive devolopments for the next year.

Hungary: Economic Growth Only in 2014 / Picture: ©

Expecting a strong disinflationary effect from the real side of the economy and a sustained improvement in perceptions of risk, the Monetary Council has started a cautious sequence of interest rate reductions from August 2012.In the period from December 2012 to February 2013, the Monetary Council continued the series of reductions in the central bank base rate that began last August.…