Emerging Europe Rapid Response Russia GDP (Q2 2023) The better than expected pick-up in Russia’s GDP growth in Q2, to 4.9% y/y, confirms that the economy had a strong first half of the year. But with limited slack in the economy, this is likely to... 11th August 2023 · 2 mins read
Emerging Europe Rapid Response Romania Interest Rate Announcement (Aug.) The National Bank of Romania (NBR) left its main policy rate on hold again today, at 7.00%, and we think that it will continue to leave rates unchanged over the rest of this year. In our view... 7th August 2023 · 2 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (July) Hungary’s central bank (MNB) announced another 100bp cut to its one-day quick deposit rate (the key policy rate at the moment) today, to 15.00%, and this is likely to be followed by 100bp cuts at each... 25th July 2023 · 2 mins read
Emerging Europe Rapid Response Poland Activity Data (June) June’s retail sales and industrial production data out of Poland suggest that the economy held up relatively well last month, but we doubt that this is the start of a strong rebound in activity. We... 21st July 2023 · 2 mins read
Emerging Europe Data Response Russia Consumer Prices (Jun.) The rise in Russian inflation to 3.3% y/y last month means the central bank will almost certainly follow through on its recent hawkish rhetoric by hiking interest rates when it meets next month. A... 12th July 2023 · 2 mins read
