NBH Statement: Sets the medium-term inflation target at 2.5% +/- 1%, bringing it closer to the ECB's target

Forecasts: 2026 Inflation 1.8% (prev. 1.8%) 2027 Inflation 3.1% (prev. 2.3%) 2026 GDP 1.8% (prev. 2.0%) 2027 GDP 2.9% (prev. 3.0%) Inflation expectations declined significantly and are now around levels observed during the period of price stability. In the long term, a lower inflation target means more moderate inflation, a more predictable economic environment, and lower nominal interest rates and financing costs for the Hungarian economy.