A raft of weak activity and survey data released this week reinforces our relatively downbeat view on the outlook for growth across Emerging Europe this year. Slowing growth seems to be worrying some central banks in the region – policymakers in Poland and the Czech Republic have made dovish comments to the press this week. While we think that the Polish MPC will leave interest rates unchanged throughout 2019, it still seems more likely than not that the Czech MPC will hike rates at next month’s meeting.
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