BUDAPEST, May 4 (Reuters) - High interest rates are a
threat to the Hungarian economy and are creating an increasing
risk of a credit crunch, the economic development minister said
on Thursday.
"Interest rates are high. The benchmark interest rate could
average around 16% in 2023 based on market expectations," Marton
Nagy told a banking conference. "Although there will certainly
be additional rate easing in 2024... interest rates will still
be high, especially in government debt financing."
(Reporting by Gergely Szakacs, writing by Alan Charlish)
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