NBH says committed to achieving the inflation target in a sustainable manner

Maintaining the stability of financial markets, especially that of FX, and it supports the anchoring of inflation expectations and thus contributes to achieving price stability. High energy prices, rising yields and uncertainty surrounding the global economic and financial market outlook warrant a careful approach to monetary policy. Sees 2026 average inflation at 1.8% and 2027 at 3.1%, with inflation expected to decline to the 2.5% target by the end of the monetary policy horizon. Inflation is expected to increase through the remainder of 2026 and in 2027, primarily driven by higher fuel prices and changes to tobacco excise duties. Hungary's economic risk assessment will primarily be influenced by the fiscal path, expectations regarding euro adoption and the external market environment.