It is unlikely that the National Bank of Hungary will start raising its record-low key policy rate before 2017, analysts at J.P. Morgan said in a research note, Portfolio reported. They project this despite their expectation that the growth rate of the Hungarian economy will slow down this year, although it is to remain robust, and inflation will rise sharply too. J.P. Morgan projected in a research note on Thursday Hungary’s GDP will grow by 3.2% in 2015. Analysts also noted that inflation has bottomed out but remains well below target.
