国际货币基金组织：2024匈牙利选定问题报告（英文版）

The calibration of monetary policy is particularly challenging at a time of large shocks to inflation and output. Interest rates in Hungary rose sharply in response the significant increase in inflation to above 25 percent y/y in 2023-Q1 and large depreciation in the forint. As inflationary pressures have eased and the exchange rate has stabilized, the base rate has been reduced to 7.0 percent in June 2024 but remains restrictive. The Reuters survey of economists’ forecasts indicates that th