Emerging Europe Chart Pack Contagion risks from Greece high and rising (Apr 10) Concerns over the deepening crisis in Greece have weighed on financial markets across the region over the past couple of weeks. While no country has escaped, the contagion risks appear greatest in... 30th April 2010 · 1 min read
Emerging Europe Economics Focus What can Czech policymakers do about the koruna? Attempts by Czech policymakers to stem the recent rise in the koruna may have some effect at the margin, but we doubt that they will do much to fundamentally alter the value of the currency. In the... 22nd April 2010 · 1 min read
Emerging Europe Economics Update Changes at the top do not change outlook for policy (Apr 10) Both Poland and the Czech Republic are set to announce new Central Bank governors over the coming months. But we suspect this will do little to alter the policy bias in either country. Poland will be... 15th April 2010 · 1 min read
Emerging Europe Economics Focus Spring elections to spotlight fiscal frailties Forthcoming elections in Hungary and the Czech Republic are likely to spotlight fiscal frailties in both countries. As ever, the risks remain greatest in Hungary. But the likelihood of a weak... 31st March 2010 · 1 min read
Emerging Europe Chart Pack Too soon to dismiss fiscal risks (Mar 10) Financial markets in Emerging Europe have, for the most part, brushed off sovereign debt concerns in the euro-zone’s periphery. While bond markets sold off earlier this year as the crisis in Greece... 29th March 2010 · 1 min read
Emerging Europe Economics Update Czech rates to stay on hold until 2011 The Czech National Bank kept interest rates unchanged at 1.00% this afternoon. But while the markets expect a first rate hike in the third quarter of this year, we do not expect interest rates to be... 25th March 2010 · 1 min read
Emerging Europe Economics Update Rates hikes still not imminent (Mar 10) Market rate expectations have edged down in recent weeks, but we still think that the pace of tightening currently priced in for most countries in the region is too aggressive. While inflation has... 19th March 2010 · 1 min read
Emerging Europe Economics Update Pick-up in industry, but Czech recovery unlikely to surge ahead Data released today suggest that the Czech economy may be on course to return to growth in Q1 2010. Nonetheless, there remains little sign of a strong and sustainable recovery emerging, and we are... 9th March 2010 · 1 min read
Emerging Europe Chart Pack Q4 GDP data a mixed bag (Feb 10) Q4 GDP data, released over the past month, have painted rather a mixed picture. The good news is that a number of countries, notably Russia and Poland, appear to have grown on a quarterly basis. But... 25th February 2010 · 1 min read
Emerging Europe Economics Update Policymakers to look through rise in inflation (Feb 10) Although inflation has risen across much of the region in recent months, policymakers remain in no rush to raise interest rates. For a start, the bulk of the pick-up in inflation has been caused by... 18th February 2010 · 1 min read
Europe Commercial Property Update RICS survey relatively upbeat on the Czech Republic Last week’s RICS Global Commercial Property Survey painted a mixed picture of commercial property investment market activity in Emerging Europe. The recovery seemed to be strongest in the Czech... 2nd February 2010 · 1 min read
Emerging Europe Chart Pack Pick-up in inflation to prove temporary (Jan 10) Inflation across much of Emerging Europe has risen in recent months. Nonetheless, there are good reasons to think that these rises will be short-lived. For a start, the pick-ups have been driven... 29th January 2010 · 1 min read
Europe Commercial Property Update Downside risks to Czech and Polish retail rents still evident The latest European Commission survey revealed an encouraging, widespread further improvement in industrial confidence in Emerging Europe in January. But data revealed a far more mixed picture for... 28th January 2010 · 1 min read
Emerging Europe Economics Update In no rush to tighten (Jan 10) While policymakers in a number of countries have appeared less dovish of late, three factors should keep interest rates much lower than the markets currently expect. First, the pace of economic... 21st January 2010 · 1 min read
Emerging Europe Economics Update Czech Rep: pick-up in inflation but rate hikes not imminent Today’s inflation data from the Czech Republic should put to bed any lingering fears of a prolonged period of deflation. But with core price pressures set to remain subdued, we still think that... 11th January 2010 · 1 min read
