Hungarian Central Bank Issues Statement on Inflation Concerns
The National Bank of Hungary addresses rising inflation rates following February's report.
The National Bank of Hungary (MNB) has released a statement regarding the current inflation rates in Hungary, emphasizing the importance of achieving price stability as crucial for economic growth.
According to the Central Statistical Office (KSH), inflation stood at 5.6 percent in February 2025. This marks the third consecutive month that the inflation rate has exceeded the central bank's tolerance range.
In its official communication on social media, the MNB noted the necessity of a 'committed and coordinated' policy to combat inflation.
The bank outlined that the sustained reduction of inflation and the re-establishment of price stability are fundamental conditions for maintaining and gradually enhancing the restarted economic growth in Hungary.
The MNB expressed support for governmental measures prioritizing the reduction of domestic inflation.
It highlighted that inflation must be consistently curbed to fall within the central bank's tolerance range of 2 to 4 percent through strict monetary conditions.
This aligns with the MNB’s mandate to ensure price stability and its efforts to align economic policy with those goals.
According to the Central Statistical Office (KSH), inflation stood at 5.6 percent in February 2025. This marks the third consecutive month that the inflation rate has exceeded the central bank's tolerance range.
In its official communication on social media, the MNB noted the necessity of a 'committed and coordinated' policy to combat inflation.
The bank outlined that the sustained reduction of inflation and the re-establishment of price stability are fundamental conditions for maintaining and gradually enhancing the restarted economic growth in Hungary.
The MNB expressed support for governmental measures prioritizing the reduction of domestic inflation.
It highlighted that inflation must be consistently curbed to fall within the central bank's tolerance range of 2 to 4 percent through strict monetary conditions.
This aligns with the MNB’s mandate to ensure price stability and its efforts to align economic policy with those goals.
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