Inflation opens rare rift in Hungary's top brass as Orban eyes 2022 vote
Hungary's fast economic rebound from the pandemic and rising inflation opened a rare rift between the government and central bank on Wednesday, with the bank's governor flagging imminent rate hikes and calling for a lower budget deficit. Nationalist Prime Minister Viktor Orban, who faces a tough election in April 2022, however, said Hungary cannot cut its budget deficit to 3% of economic output next year in one step from 7.5% as it would deal too big a shock to the economy. Orban, who has been campaigning on the back of a mass COVID-19 vaccination campaign which has so far innocula...
Source: yahoo.com
