Hungary central bank prepares to gradually lower 3% inflation target
Hungary’s central bank is preparing to gradually lower its 3% inflation target to meet euro-adoption criteria, Governor Mihaly Varga said. Varga also said the bank’s next policy meeting is due on September 22.
Hungary's central bank is preparing to lower its 3% inflation target gradually as part of its effort to meet euro adoption criteria, Governor Mihaly Varga said on Thursday. Varga also said at an economics conference that the bank's next policy meeting is scheduled for September 22, and that it needs…