Emerging Europe Rapid Response CEE Economic Sentiment Indicators (Aug.) 28th August 2025 · 1 min read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Aug.) The Hungarian central bank left its base rate on hold again today at 6.50%, and we think that the scope for monetary easing ahead of parliamentary elections in April 2026 will be limited. While the... 26th August 2025 · 2 mins read
Emerging Europe Rapid Response Israel Interest Rate Announcement (Aug.) 20th August 2025 · 2 mins read
Emerging Europe Rapid Response Russia GDP (Q2 2025) The slowdown in GDP growth in Russia to 1.1% y/y in Q2 suggests that the economy may have narrowly avoided a technical recession, but the economy is clearly struggling amidst imbalances that have... 13th August 2025 · 2 mins read
Emerging Europe Rapid Response Romania Interest Rate Announcement (Aug.) The National Bank of Romania (NBR) left its policy rate on hold today, at 6.50%, as expected, and its communications suggest a restart of the easing cycle remains some way off. We expect rates to... 8th August 2025 · 2 mins read
Emerging Europe Rapid Response Turkey Consumer Prices (July) The larger-than-expected fall in Turkish inflation in July, to 33.5% y/y, will encourage the central bank to continue its easing cycle next month. 4th August 2025 · 1 min read
Emerging Europe Rapid Response Emerging Europe Manufacturing PMIs (July) The weak July manufacturing PMIs out of Emerging Europe suggest that industry remains a drag on regional growth, and we expect that incoming tariffs will keep external demand conditions subdued over... 1st August 2025 · 2 mins read
Emerging Europe Rapid Response CEE Economic Sentiment Indicators (July) The EC’s Economic Sentiment Indicators for Central and Eastern Europe suggest that regional GDP growth maintained a moderate pace, at 2.0-2.5% y/y, at the start of Q3. The prices components of the... 30th July 2025 · 2 mins read
Emerging Europe Rapid Response Hungary & Czechia GDP (Q2 2025) The Q2 GDP data released out of Hungary and Czechia confirmed that both economies have held up reasonably well since the introduction of US tariffs in April. With the EU-US trade deal likely to deal... 30th July 2025 · 2 mins read
Emerging Europe Rapid Response Russia Interest Rate Announcement (Jul.) The decision by the Central Bank of Russia to accelerate it is monetary easing cycle today with a 200bp cut to its policy rate, to 18.00%, signals that policymakers are becoming more concerned about... 25th July 2025 · 2 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Jul. 2025) The decision by Turkish central bank to cut its one-week repo rate by 300bp today, to 43.00%, was a slight dovish surprise, but the accompanying communications remained hawkish and we expect the pace... 24th July 2025 · 2 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Jul.) The Hungarian central bank (MNB) left its base rate unchanged today at 6.50%, and we think that interest rates will remain at this level throughout 2025. That’s a more hawkish view than the consensus... 22nd July 2025 · 1 min read
Emerging Europe Rapid Response Romania Interest Rate Announcement (July) The communications accompanying the decision by the National Bank of Romania to leave its policy rate on hold, at 6.50%, suggest policymakers are concerned about the inflationary impacts of upcoming... 8th July 2025 · 2 mins read
Emerging Europe Rapid Response Israel Interest Rate Announcement (Jul.) The slightly more dovish communications accompanying the decision by the Bank of Israel (BoI) to leave its policy rate on hold today, at 4.50%, and the easing in geopolitical risks, suggest that... 7th July 2025 · 2 mins read