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

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

US House Price Index (Mar) 441.5 (Prev. 441.4)

US S&P/Case-Shiller Home Price MoM (Mar) M/M 1.0% (Prev. 0.4%)

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  • 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. 

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