Bank of Hungary Governor Waldo said that Hungary must achieve full economic convergence and price stability before adopting the euro. According to the statement, Volgau said at the International Monetary Fund's annual meeting in Bangkok that the timing of joining the Eurozone depends on when benefits exceed costs. He said that inflation is expected to remain below the central bank's 3% target this year, and the economic growth rate may pick up significantly. High energy prices are compounded by global uncertainty, requiring monetary policy to be prudent and data-based.

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