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Headline inflation rose to 5.7% in January, which is well above
the central bank's target of 2.5%.
"It is assumed that headline inflation will ease when house
price inflation slows down and global price hikes taper off;
however, it is not expected to align with the target until the
end of the forecast horizon," the central bank said in a
statement.
The central bank, which raised the interest rate four times in
2021, now expects the economy to grow around 4.8% this year
compared to the 5.1% it projected in November.
(Reporting by Stine Jacobsen; Editing by Toby Chopra and
Catherine Evans)
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