Central bank meetings, Intel investments, Q3 Outlook

The central bank meetings in Hungary, Czechia and Turkey that took place this week all produced different outcomes, and policymakers’ communications suggest that interest rates in these countries will continue to move in different directions in the coming months. The smaller-than-expected rate hike in Turkey leaves doubts about the likely extent and speed of the shift towards orthodox policymaking that seems to be taking place. Elsewhere, the announcement by Intel that it will make new investments into Poland and Israel in the coming years is another demonstration of how the region is benefiting from firms shoring up their supply chains amid complex geopolitical waters. Finally, in case you missed it, we published our Q3 Emerging Europe Outlook this week