According to Jin10 data reports, Hungary's inflation rate has been outside the Central Bank's tolerance range for 10 consecutive months, putting pressure on policymakers to cut interest rates. Data from the Hungarian Central Statistical Office shows that the consumer price index in September rose by 4.3% year-on-year, slightly below the economist's expectation of 4.4%. On a month-on-month basis, prices remained unchanged. Hungary's Central Bank has an inflation target of 3%, allowing for a fluctuation of 1 percentage point up or down. This week, Orban and his finance minister once again pressured the Central Bank to take measures to boost the economy.
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According to Jin10 data reports, Hungary's inflation rate has been outside the Central Bank's tolerance range for 10 consecutive months, putting pressure on policymakers to cut interest rates. Data from the Hungarian Central Statistical Office shows that the consumer price index in September rose by 4.3% year-on-year, slightly below the economist's expectation of 4.4%. On a month-on-month basis, prices remained unchanged. Hungary's Central Bank has an inflation target of 3%, allowing for a fluctuation of 1 percentage point up or down. This week, Orban and his finance minister once again pressured the Central Bank to take measures to boost the economy.