Emerging Europe Rapid Response Hungary Interest Rate Announcement (June 2026) 23rd June 2026 · 2 mins read
Emerging Europe Rapid Response Czechia Interest Rate Announcement (June 2026) The decision by the Czech National Bank (CNB) to hike its policy rate by 25bp to 3.75% marks the start of what is likely to be a modest tightening cycle, with perhaps just one or two more 25bp moves... 18th June 2026 · 1 min read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Jun. 2026) The decision by the Turkish central bank (CBRT) to leave its key policy rates unchanged today (rather than hike) confirms that it would take much more severe strains in the balance of payments than... 11th June 2026 · 2 mins read
Emerging Europe Rapid Response Poland Interest Rate Announcement (June 2026) Despite hawkish noises from the MPC, the recent softness in the inflation data mean that the central bank will likely hold off from hiking interest rates in the coming months. 2nd June 2026 · 1 min read
Emerging Europe Rapid Response Turkey GDP (Q1 2026) The slowdown in Turkish GDP growth in Q1, to 2.5% y/y, shows that the economy was struggling going into the energy shock. At the margin, this outturn may make the central bank less likely to hike... 1st June 2026 · 2 mins read
Emerging Europe Rapid Response Poland Flash CPI (May 2026) The fall in Polish inflation to 3.1% y/y in May – when most had expected a rise above 3.5% - suggests that underlying price pressures are softer than we had thought. In the last couple of weeks, it... 29th May 2026 · 2 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (May 2026) Hungary’s central bank (MNB) kept the base rate at 6.25% today, but weak price pressures and the rally in the forint suggest that the door has opened to easing, with a 25bp cut a possibility at the... 26th May 2026 · 1 min read
Emerging Europe Rapid Response Israel Interest Rate Announcement (May 2026) The Bank of Israel (BoI) restarted its easing cycle at today’s meeting, reducing its policy rate by 25bp, to 3.75%, and we think another cut of the same size is likely in July too. 25th May 2026 · 2 mins read
Emerging Europe Rapid Response Russia GDP (Q1 2026) & CPI (Apr. 2026) The 0.2% y/y contraction in Russian GDP in Q1 underlines that the economy had entered the Iran war with very weak momentum and we’re expecting GDP to do little more than stagnate this year, despite... 15th May 2026 · 2 mins read
Emerging Europe Rapid Response Poland GDP (Q1 2026) Polish GDP growth in Q1, of 0.5% q/q, was a bit softer than expected, but it still looks like the economy weathered the first few months of the energy shock reasonably well. 14th May 2026 · 1 min read
Emerging Europe Rapid Response Czechia Interest Rate Announcement (May 2026) The Czech National Bank’s decision to leave the two-week repo rate unchanged at 3.50% will be accompanied by upwards revisions to its inflation forecasts in the post-meeting communications. But as... 7th May 2026 · 1 min read
Emerging Europe Rapid Response Poland Interest Rate Announcement (May 2026) The Polish MPC’s decision to leave the policy rate on hold is likely to be marked by a pause for at least the rest of this year. Despite the rise in inflation and resilience of economic activity, the... 6th May 2026 · 2 mins read
Emerging Europe Rapid Response Czech & Hungary GDP (Q1 2026) The much better-than-expected Hungarian Q1 GDP figure, and the rise in sentiment indicators this month, will give the incoming Tisza government more optimism that it may be able to achieve its... 30th April 2026 · 2 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Apr. 2026) Hungary’s central bank (MNB) left its base rate unchanged at 6.25% today and, despite the rally in markets after the Tisza election victory and below-target inflation, we think renewed interest rate... 28th April 2026 · 2 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Apr. 2026) Easing pressure on Turkey’s balance of payments since the US-Iran ceasefire was announced earlier this month gave the central bank (CBRT) space to leave policy settings unchanged today (with the one... 22nd April 2026 · 2 mins read
Emerging Europe Rapid Response Hungary’s Parliamentary Election (2026, Early Results) Victory for the opposition Tisza party, and what appears to be a supermajority, represents the best-case scenario for Hungary’s macroeconomic outlook. Markets are likely to welcome the result and the... 12th April 2026 · 3 mins read
