Gulyás: Measures aimed at curbing inflation will remain in place

Gergely Gulyás, Head of the Prime Minister’s Office, told a news briefing that measures aimed at curbing inflation will remain in place until there is a noticeable improvement, adding that inflation had slowly started to decline and was expected to fall into single digits by the end of the year. Meanwhile, he said the government will decide on every price cap scheme two weeks before they are set to expire. Gulyás said the extension of the cap on interest rates on deposits of financial companies and private individuals with 20 million forints or more in their account served price stability. Asked about Hungary’s dependence on Russian energy, Gulyás said that by building the necessary interconnectors, Hungary had created the conditions to diversify its natural gas supplies, adding, however, that there was not enough gas available on the European market.