2019-06-26 | Risk of Hungary's booming economy overheating is very low: central banker - Reuters
'Productivity was also increasing, Nagy said.“There is a very fine line” separating a high-pressure economy from an overheated economy, Nagy said. '
'BUDAPEST (Reuters) - Hungary’s economy is in a high-pressure phase with strong wage and output growth, but the risk of overheating is very low as investments are booming and it is running a current account surplus, a senior central banker said on Wednesday. '
'In the first quarter, Hungary’s economy expanded an annual 5.3% and wage growth hit double digits. '
'But Nagy said the bank would not react automatically if tax-adjusted core inflation - the bank’s key measure - rose to 4%. '
'The bank targets 3 percent inflation with a tolerance band of a percentage point on either side. '
[–] derram 0 points 1 point 1 point (+1|-0) ago
https://archive.ph/83OEY :
'Productivity was also increasing, Nagy said.“There is a very fine line” separating a high-pressure economy from an overheated economy, Nagy said. '
'BUDAPEST (Reuters) - Hungary’s economy is in a high-pressure phase with strong wage and output growth, but the risk of overheating is very low as investments are booming and it is running a current account surplus, a senior central banker said on Wednesday. '
'In the first quarter, Hungary’s economy expanded an annual 5.3% and wage growth hit double digits. '
'But Nagy said the bank would not react automatically if tax-adjusted core inflation - the bank’s key measure - rose to 4%. '
'The bank targets 3 percent inflation with a tolerance band of a percentage point on either side. '
This has been an automated message.