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NBH DEPT GOV: HUNGARY ECONOMY ROBUST

 

Hungary’s economy is robust, with first-quarter growth estimated over 8%, which could put full-year growth around 4%, central bank deputy governor Barnabás Virág has said. While the tight monetary policy remains, it is moving from an “aggressive” phase to something more “gradual”, he told a conference organised by Világgazdaság. Consumer price inflation may peak in the third quarter and average annual inflation was likely to be “around 9-10%” this year.