MNB Augurs Slowdown in Pace of Inflation After September

MNB

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The National Bank of Hungary (MNB) expects CPI to continue to rise for the rest of the year, albeit at a slower pace after September, a central bank director said on Thursday, according to a report by state news wire MTI.

Presenting the MNB's latest quarterly Inflation Report, Andras Balatoni said CPI would continue to climb in the remaining months of 2022, driven mainly by factors outside of the scope of monetary policy.

He added that the increase would be "front-loaded", with most showing up in September CPI, followed by increases "at a slower pace" in the following months.

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