Emerging Europe Rapid Response Turkey Interest Rate Announcement (Sep.) The communications accompanying the decision by the Turkish central bank to leave its policy rate on hold today, at 50.00%, were slightly more dovish than last month, but there are no clear signs to... 19th September 2024 · 2 mins read
Emerging Europe Rapid Response Russia Interest Rate Announcement (Sep.) The decision by the Russian central bank to hike its policy rate today by 100bp, to 19.00%, suggests that policymakers are even more concerned about the inflation outlook than we’d previously thought... 13th September 2024 · 2 mins read
Emerging Europe Rapid Response Russia Consumer Prices (Aug.) Russia’s headline inflation rate held steady at 9.1% y/y in August which, while slightly stronger than expected, won’t tip the balance towards another interest rate hike at the central bank’s meeting... 11th September 2024 · 1 min read
Emerging Europe Rapid Response Poland Interest Rate Announcement (Sep.) The decision by the National Bank of Poland to leave its policy rate on hold today, at 5.75%, was widely expected by analysts, and the incoming data are supporting our view that there won’t be scope... 4th September 2024 · 2 mins read
Emerging Europe Rapid Response Turkey Consumer Prices (Aug.) The fall in Turkish inflation, to 52.0% y/y, in August is likely to be followed by continued disinflation over the coming months. But there are signs in the breakdown that underlying inflation... 3rd September 2024 · 2 mins read
Emerging Europe Rapid Response Manufacturing PMIs (Aug.) The manufacturing PMIs increased across most of the region in August, although they generally remain at weak levels and suggest that industry has continued to struggle in Q3. 2nd September 2024 · 1 min read
Emerging Europe Rapid Response Turkey GDP (Q2 2024) The Turkish GDP figures for Q2, which showed a better-than-expected 0.1% q/q expansion in output, suggest that the rebalancing process still has some way to go. The data argue in favour of the central... 2nd September 2024 · 2 mins read
Emerging Europe Rapid Response Russia Activity Data (Jul.) The latest Russian industrial production and retail sales figures for July were a mixed bag and suggest that the economy maintained a steady pace of growth at the start of this quarter. But we still... 28th August 2024 · 2 mins read
Emerging Europe Rapid Response Israel Interest Rate Announcement (Aug.) The decision by the Bank of Israel (BoI) to leave its policy rate on hold again today (at 4.50%) rather than resume the easing cycle, reflects policymakers’ concerns with supply-side constraints in... 28th August 2024 · 2 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Aug.) The Hungarian central bank suggested that its decision to leave the policy rate on hold today, at 6.75%, was likely to mark a temporary pause in the easing cycle, rather than an end to it. Even so, we... 27th August 2024 · 2 mins read
Emerging Europe Rapid Response Poland Activity Data (Jul.) The weaker-than-expected batch of Polish activity figures for July is more likely to be a blip than the start of a soft patch. We remain comfortable with our view that Poland’s economy will expand by... 22nd August 2024 · 1 min read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Aug.) The Turkish central bank (CBRT) left its main policy rate unchanged again today, at 50.00%, and offered little sign that it will soon start an easing cycle. While most other analysts expect monetary... 20th August 2024 · 2 mins read
Emerging Europe Rapid Response Poland GDP (Q2 2024) The larger-than-expected pick-up in Polish GDP growth in Q2, to 1.5% q/q (from 0.8% in Q1), suggests that the risks to our forecast for GDP to expand by 3% over the year as a whole are now tilted to... 14th August 2024 · 2 mins read
Emerging Europe Rapid Response Russia GDP (Q2) and Consumer Prices (Jul.) The slowdown in Russian GDP growth in Q2, to 4.0% y/y, suggests that the economy has lost a bit of momentum. But overheating pressures remain alive and the increase in inflation to 9.1% y/y in July... 9th August 2024 · 2 mins read
Emerging Europe Rapid Response Romania Interest Rate Announcement (Aug.) 7th August 2024 · 2 mins read
