—have continued in Q1 2014, along with rising private consumption. Inflation has fallen below the Central Bank of Iceland’s 2 ….5 percent target but long-term inflation expectations remain noticeably above this level. The government’s medium-term fiscal …

groups. Inflation remains very low, driven by external and domestic factors. At the same time, financial stability risks are …

’s foreign exchange intervention policy has helped stem deflationary pressures but inflation is still well below target …

. Inflation is high and above the authorities’ target, and real policy interest rates remain negative. The exchange rate continues … external deficit-by boosting savings rather than decreasing investment-and lowering inflation to preserve competitiveness. Over … percent of GDP by 2017. • Renewing the focus of monetary policy on the inflation target, by setting and sustaining a positive …

sector. Headline and core inflation decelerated sharply, and inflation expectations fell below the National Bank of Hungary …’s inflation target. Going forward, output growth is projected to decelerate to 2.75 percent in 2015, on account of a smaller …