Hungary's central bank (NBH) has on Monday released its latest projections on inflation and GDP growth for 2009 and 2010.
The NBH's base case for Hungary's consumer price index is 3.7% for 2009 and 2.8% for 2010.
Its estimate for economic “growth" is for a 3.5% contraction this year and an 0.5% output fall for 2010.
The NBH staff is to release its latest quarterly Report on Inflation on Wednesday at 10:00 CET.
NBH Governor András Simor told a press conference that the EUR/HUF exchange rate assumed for the 2010 CPI projection was "close to where it is currently", which means the weak forint "is not a problem in itself" in respect of the medium-term inflation goal.
The financial crisis will drag out in time and the Hungarian government's measures will also dampen economic growth, Simor explained why the NBH projects GDP contraction also for 2010.
To Portfolio.hu's question he noted that the cabinet's measures could somewhat help boost potential growth, but the NBH staff still has no concrete estimates in this respect.
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