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2025-12-18 18:33:43
[The battle against inflation continues; the Hungarian central bank maintains a hawkish stance, and the path to interest rate cuts remains fraught with difficulties] ⑴ The Deputy Governor of the Hungarian Central Bank stated that the central bank is committed to achieving its inflation target and that maintaining a tight monetary policy stance remains necessary. ⑵ He acknowledged that recent economic data has shown significant improvement, and the central bank cannot ignore this positive change. ⑶ Specifically, he pointed out that imported inflation has shown signs of improvement, while energy prices have declined, and deflationary effects have emerged in the durable goods sector. ⑷ This statement implies that although inflationary pressures have eased somewhat, the Hungarian central bank remains vigilant about the price outlook, and the possibility of a shift to an easing policy in the short term is low. The normalization of monetary policy will be gradual and cautious.
