Hungarian Central Banker Simor Says Inflation `Moving as Broadly Expected'

(Bloomberg) -- Hungarian central bank President
Andras Simor said the country's inflation rate remains within
policy makers' forecasts, even after energy costs pushed up
consumer prices in June.

Last month's 8.6 percent rate, while above economists'
estimates, did not change the bank's longer-term outlook, Simor
said at a press conference today in Budapest. He also said that
while the bank prefers the forint to trade freely, it isn't
actively trying to persuade the government to end trading limits.


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