The preliminary Q3 GDP figures out of Czechia and Hungary were on the disappointing side, although we expect growth in both economies to accelerate in the coming quarters. The Czech figure still leaves the central bank on course to hike rates at its meeting next week. Elsewhere, the weaker-than-expected Polish flash CPI figure for October of 3.5% y/y makes us more comfortable in our view that the National Bank (NBP) will keep rates unchanged, rather than hike next week.
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