Emerging Europe Economics

Emerging Europe Economics Update

5 November, 2015

Political uncertainty causes Romanian MPC to sounds cautious

The press conference following the Romanian MPC meeting earlier today confirmed our view that the resignation of the Prime Minister yesterday would prompt the Council to adopt a more cautious line. Nonetheless, we don’t think the outlook for interest rates has changed significantly. We expect the policy rate to remain at its current historic low of 1.75% into next year. Elsewhere, the Czech MPC maintained a dovish stance at its post-meeting press conference, and suggested that the

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