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Central Bank raises Brazil's GDP forecast in 2021 to 4.6%

Central Bank raises Brazil's GDP forecast in 2021 to 4.6%
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Hungary holds rate but ready to hike to curb inflation

The primary objective of the Magyar Nemzeti Bank (MNB) is to achieve and maintain price stability. Without prejudice to its primary objective, the Magyar Nemzeti Bank preserves financial stability and supports the Government’s economic policy.
Global macroeconomic and financial market developments continue to be driven primarily by the events related to the coronavirus pandemic; however, risks associated with global reflation have been increasing recently as well. A growing number of economies have been started to reopen. The pace of the reopening has been significantly influenced by developments in the pandemic and the population’s vaccination coverage.
World trade and global industrial production are already above the levels seen before the pandemic. In the first quarter of 2021, the US economy grew compared to the previous quarter, while the Chinese economy continued to expand. The euro area’s economic performance declined in the first quarter. Nevertheless ....

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