Subdued economic growth expected in 2024

  Looking at global developments, the decline and expected further moderation in global oil prices should ease external and internal inflationary pressures. Weakening German growth prospects may have a downward impact on Hungarian exports in the period ahead. Geopolitical tensions such as the Russia-Ukraine war or the conflict in Gaza could be a cause for […]

No significant change in economic sentiment in March

  The prosperity index remained in negative territory, determined by the prolonged Russia-Ukraine war and the uncertainty caused by economic sanctions. Further significant improvement in the sense of prosperity will be possible if the war ends, inflation remains in the central bank’s target range (between 2% and 4%), the interest rate environment becomes more favourable […]

The growth rate of the Hungarian economy continued to slow

  At its February meeting, the Monetary Council of the central bank continued to cut both the policy rate and the base rate, as it had done in the previous month. As a result, the base rate (and the policy rate) in Hungary is currently at 9.00%, after a 100 basis point cut. On an annual […]

The growth rate of the Hungarian economy has
slowed down

  At its January meeting, the Monetary Council of the central bank continued to cut both its policy rate and its base rate, as it had done the previous month. As a result, the Hungarian base rate (and the policy rate) currently stands at 10.00%, down 75 basis points. Both raw data and calendar-adjusted data show […]

Household economic sentiment improved significantly in January

  The prosperity index remained in negative territory, determined by the prolonged Russia-Ukraine war and the uncertainty caused by economic sanctions. An even more significant improvement in the sense of prosperity will be possible if the war ends, inflation continues to fall, the interest rate environment becomes more favourable and energy markets see sustained low […]

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