NBH post-policy statement: Keeping a cautious and data-driven mode for rate policy

Incoming data point to a more moderate inflation outlook.  The stronger forint, as well as the postponed phaseout of regulated fuel prices and price margin caps moderate the rate of price increases.  However, high global energy and commodity prices pose upside risks to inflation. The inflation outlook has improved significantly. However, the uncertain global economic environment warrants a careful approach to monetary policy.