EU’s new fiscal rules, CNB joins the rate cutting club

EU finance ministers agreed on a new set of fiscal rules this week, but this doesn’t change our view that concerns about public debt dynamics will grow in parts of Central and Eastern Europe over the coming year. Elsewhere, the Czech National Bank (CNB) joined the EM interest rate cutting club, and we think that rates there will be cut further than most expect in 2024. 

Note: This will be the last Emerging Europe Economics Weekly for 2023. The next Weekly will be sent on Friday 5th January 2024.

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