CBRT to loosen policy, rapid CEE growth unlikely to last

Further evidence this week that the Turkish economy is in the midst of a severe recession adds to the reasons to expect that the MPC will cut interest rates next week. Meanwhile, another batch of robust activity data suggests that the economies of Central and Eastern Europe continued to grow at a robust pace at the end of 2018, but weaker external demand from the euro-zone is likely to mean that growth across the region will slow this year.