Emerging Europe Chart Pack Emerging Europe Chart Pack (Jul. 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 26th July 2023 · 1 min read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (July) Hungary’s central bank (MNB) announced another 100bp cut to its one-day quick deposit rate (the key policy rate at the moment) today, to 15.00%, and this is likely to be followed by 100bp cuts at each... 25th July 2023 · 2 mins read
Emerging Europe Economics Weekly Russia’s fiscal pressures, Turkey’s policy shift on thin ice A raft of comments from senior policymakers at the Russian Ministry of Finance this week highlight the pressures that the public finances are under. For now, policymakers are responding by tightening... 21st July 2023 · 7 mins read
Emerging Markets Economics Update Assessing the early evidence of “friend-shoring” in EMs One way in which EMs may benefit from the fragmentation of the global economy into US- and China-aligned blocs is via “friend-shoring”. There appears to be evidence that the US is importing a higher... 19th July 2023 · 4 mins read
Emerging Europe Rapid Response Economic Sentiment Indicators (June) The European Commission’s Economic Sentiment Indicators (ESIs) for Central and Eastern Europe (CEE) generally fell in June, and our regional-weighted headline measure points to lacklustre GDP growth... 29th June 2023 · 2 mins read
Emerging Europe Chart Pack Falls in CEE interest rate expectations look overdone Investors generally revised down their interest rate expectations across Central and Eastern Europe (CEE) over the past month, partly reflecting weaker-than-expected inflation prints and more dovish... 28th June 2023 · 11 mins read
Emerging Europe Economics Weekly Central bank meetings, Intel investments, Q3 Outlook The central bank meetings in Hungary, Czechia and Turkey that took place this week all produced different outcomes, and policymakers’ communications suggest that interest rates in these countries will... 23rd June 2023 · 6 mins read
Emerging Europe Economic Outlook Turning a corner, but a difficult road ahead Downturns in activity are bottoming out in Emerging Europe, current account deficits are narrowing and disinflation has taken hold across the region. But the road ahead still looks challenging. We... 21st June 2023 · 3 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (June) 20th June 2023 · 2 mins read
Capital Daily We think that most EM currencies will fall back by year-end Emerging Market (EM) currencies have generally appreciated against the US dollar since the start of this month, and indeed since last October. However, we think that nearly all “major” EM currencies... 12th June 2023 · 4 mins read
Emerging Markets Economics Update Lessons from the “early hikers”: inflation remains sticky A handful of EM central banks were quick out of the blocks to tighten monetary policy in 2021 and one of the key lessons of the past year or so is that underlying inflation pressure is still proving... 8th June 2023 · 5 mins read
Emerging Europe Economics Weekly Policy credibility in Turkey, bleak CEE GDP data The latest developments in Turkey – including the expected appointment of former finance minister Mehmet Simsek to the cabinet – provide encouraging signs that President Erdogan will moderate his... 2nd June 2023 · 9 mins read
Emerging Europe Chart Pack Current account positions improve, but risks remain There has been further evidence over the past month that resilient export growth, weak domestic demand and lower energy prices have helped to improve current account positions across Central and... 31st May 2023 · 15 mins read
Emerging Europe Economics Update MNB kicks off its monetary easing cycle Hungary’s central bank (MNB) cut the interest rate on its one-day deposit tender at today’s meeting, from 18% to 17%, and this is likely to be followed by further cuts in the coming months, with the... 23rd May 2023 · 3 mins read
