Hungary is unprepared for normalised monetary policy
Monetary policy is increasingly out of step with a robust macro backdrop and a hawkish tilt across Central Europe
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In this article
- Regional outlier
- MNB's new measures
- Pro-cyclical stance
- Rising pressure on yields
- More easing
- Credit bubble
- Inflation subdued despite strong growth
- Markets expect policy change
- Outlook
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_350.jpg "Hungarian National Bank Governor Gyorgy Matolcsy at a business forum in Budapest, March 6 (Reuters/Bernadett Szabo)")