Hungary Central Bank Weighs Climate Risks
Hungary's central bank is considering adding climate risk scenarios to its policy framework after a severe drought damaged crops. Officials warn that poor harvests and rising global food prices could drive up inflation next year.
Hungary's central bank is weighing the permanent addition of climate risk scenarios to its policymaking framework after extreme drought damaged regional maize harvests. Deputy Governor Zoltan Kurali said Thursday the developments could push up inflation next year.
