The Hungarian economy has three serious goals: we must defeat the virus, curb inflation and restore the growth of the Hungarian economy.
Yesterday, after the Monetary Council meeting, György Matolcsy held a press conference. One of his most important findings was that there was no need to raise interest rates.
At the same time, the MNB changed its inflation forecast, raising it from the previous 3.5-3.6 percent to 3.8-3.9 percent. The president of the central bank added that this increase is expected to be only temporary.
György Matolcsy spoke highly of domestic companies. He believes that "the Hungarian economy has remained on its feet, although last year's performance of minus 5 percent is dramatic, but if the Hungarian economy performs in the growth band between 4 and 6 percent this year, the output level at the end of 2019 can be restored this year. "
As for the reasons for the already mentioned increase in inflation, it is partly due to the increase in the price of oil and the supply-demand frictions related to the restart. This situation may change as a result of the successful fight against the epidemic, as a result of the return of the economy to a normal state.
more about the press conference on the Portfolio.hu page .
