Emerging Europe Economics Update Russia keeps rates on hold, but policy still tightening Today’s decision by the Central Bank of Russia (CBR) to keep its key interest rates unchanged suggests that inflation concerns have slipped down the government’s list of priorities over the past few... 25th March 2011 · 1 min read
Emerging Europe Economic Outlook Growth to slow in the second half The recovery in Emerging Europe remains broadly on track. GDP growth rates are likely to prove solid, if not spectacular, in a number of countries over the coming years with Turkey, Poland and, in the... 24th March 2011 · 1 min read
Emerging Europe Economics Focus How does Russia benefit from higher oil prices? If the recent spike in oil prices is sustained, it could add as much as 1.5% to real GDP growth in Russia this year. But while higher commodity prices may boost growth in the near term, they work... 9th March 2011 · 1 min read
Emerging Europe Economics Update Russia tightens once again Today’s decision by the Central Bank of Russia (CBR) to increase both bank reserve requirements and its key interest rates by 25bps is a further sign that rising inflation is moving up the government... 25th February 2011 · 1 min read
Emerging Europe Economics Update Russian economy makes dire start to 2011 January’s activity data from Russia suggest that the economy made a dire start to 2011. Of course, it is unwise to read too much into one month’s data. What’s more, with oil prices currently over... 18th February 2011 · 1 min read
Emerging Europe Economics Update How quickly is Russia moving towards a free float? The pace at which Russian monetary policy is shifting from a regime centred on targeting the exchange rate to a regime based on targeting inflation remains unclear, but our calculations of FX... 9th February 2011 · 1 min read
Emerging Europe Economics Update Russia steps up fight against inflation Today’s decision by the Central Bank of Russia (CBR) to raise bank reserve requirements is further evidence that inflation worries are starting to trump growth concerns. 31st January 2011 · 1 min read
Emerging Europe Economics Update Russian recovery still fails to impress Today’s raft of December activity data from Russia is, on balance, pretty disappointing and suggests that the economy is only recovering slowly from last summer’s drought. Growth should accelerate in... 28th January 2011 · 1 min read
Emerging Europe Economics Update What does 2011 hold for Russia? With oil prices nearing $100pb, the near-term prospects for the Russian economy are looking up and the immediate challenge for 2011 will be to prevent inflation accelerating. Nonetheless, higher... 10th January 2011 · 1 min read
Emerging Europe Chart Pack A two speed 2011 2010 has been a year of recovery for Emerging Europe. This process should continue in 2011 but there are at least three important points for investors to bear in mind. First, growth is unlikely to... 21st December 2010 · 1 min read
Emerging Europe Economics Update What would WTO accession mean for Russia? Russia’s accession to the WTO is back in the news and, not for the first time in the past decade, it seems that membership talks might now be concluded at some point within the next twelve months. We... 13th December 2010 · 1 min read
Europe Commercial Property Update Does the ruble pose a threat to the Russian retail rental recovery? Retail rental values in Emerging Europe are sensitive to currency fluctuations. Indeed, the weakness of the Romanian leu may help to explain why retail rents in Bucharest have been so weak this year... 9th December 2010 · 1 min read
Emerging Europe Economics Update How should Russia tackle its nascent inflation problem? The pick-up in Russian inflation over the past couple of months has been driven primarily by a surge in food prices, which should be temporary in nature. Instead, the bigger risk to the inflation... 9th December 2010 · 1 min read
Emerging Europe Economic Outlook Recovery continues but divergences set to widen in 2011 Emerging markets as a whole are likely to outperform the developed world by a wide margin over the next couple of years but Emerging Europe is still facing a twin speed recovery. While some economies... 8th December 2010 · 1 min read
Emerging Europe Chart Pack Q3 GDP data reaffirm twin speed recovery (Nov 10) Emerging markets as a whole are likely to outperform the developed world by a wide margin over the next couple of years, but Emerging Europe is still facing a twin speed recovery. This was borne out... 30th November 2010 · 1 min read
Emerging Europe Economics Update Disappointing start to Q4 for the Russian economy While there are tentative signs that the agricultural sector is recovering from this summer’s drought, the raft of October activity data released this afternoon suggest that the Russian economy made a... 18th November 2010 · 1 min read
