Hungarian Conservative

The director of the National Bank of Hungary (MNB) András Balatoni explained that the strict monetary policy, decreasing global commodity prices compared to last year, restrained consumption, and market-boosting measures by the government are increasingly exerting a disinflationary effect.

It is important that consumers who become victims of fraud receive assistance promptly, she said, stressing that if someone falls prey to a scam they should report the incident immediately, so that the circumstances can be investigated as soon as possible.

According to the National Bank’s forecast, slow disinflation is expected in March, followed by a strong disinflationary trend, with a good chance of reaching single-digit inflation by the end of the year.

According to the National Bank of Hungary, the ratio of gross government debt to GDP improved significantly last year.