Emerging Europe Rapid Response

Turkey Interest Rate Announcement (October 2026)

The Turkish central bank (CBRT) started its rate cutting cycle with a 100bp reduction in the one-week repo rate to 36.00% today and, with inflation pressures subsiding, we expect an additional 850bp...

22nd October 2026 · 2 mins read

Emerging Europe Rapid Response

Turkey Consumer Prices (Sep. 2026)

The larger-than-expected drop in Turkish inflation last month, to 29.7% y/y, supports our view that the central bank (CBRT) will begin cutting the one-week repo rate at the MPC meeting later this...

5th October 2026 · 2 mins read

Emerging Europe Chart Pack

Emerging Europe Chart Pack (September 2026)

Emerging Europe has weathered the energy shock well so far and we expect regional GDP growth to strengthen in 2027. We remain upbeat on growth in Poland and Czechia, but more cautious than the...

23rd September 2026 · 0 mins read

Emerging Europe Economics Weekly

Turkey’s markets wobble, Russians head to the polls

The stress experienced by some Turkish investment funds this week appears to have been contained, but it has exposed Turkey’s sensitivity to a reversal in foreign capital flows. An interest rate cut...

18th September 2026 · 5 mins read

Emerging Europe Economic Outlook

Diverging interest rate cycles

Emerging Europe has weathered the energy shock well so far and we expect regional GDP growth to strengthen in 2027. We remain upbeat on Poland and Czechia, but more cautious than the consensus on...

15th September 2026 · 21 mins read

Emerging Europe Economics Weekly

Thoughts on a jam-packed week for monetary policy

A busy week for monetary policy highlighted the growing divergence among the region's central banks. On the more dovish side, Poland’s appears in no rush to shift to interest rate hikes, while we...

11th September 2026 · 5 mins read

Emerging Europe Rapid Response

Turkey Interest Rate Announcement (Sep. 2026)

The Turkish central bank (CBRT) opted to keep its benchmark one-week repo rate at 37.00% unchanged today, but we think it will begin cutting the policy rate at October’s meeting with a 100bp reduction...

10th September 2026 · 1 min read

Emerging Europe Economics Update

Turkey: Q2 GDP shows clearer signs of rebalancing

Turkey’s GDP expanded by 1.1% q/q in Q2, its fastest pace in a year, but beneath the surface there were clear signs of softening domestic demand, with household consumption and imports both...

31st August 2026 · 2 mins read

Emerging Europe Economics Weekly

Rate cut windows (re-)open in Turkey and Hungary

Softer inflation suggests that there’s more scope for monetary easing this year in Hungary and Turkey than we had previously thought, and we have pencilled in more rate cuts into our profile. In...

28th August 2026 · 6 mins read

Emerging Europe Chart Pack

Emerging Europe Chart Pack (August 2026)

Economic growth has generally held up well since the start of the year, albeit with a divergence that is likely to persist in the coming quarters. Poland is likely to be an outperformer while Romania...

25th August 2026 · 1 min read

Emerging Europe Economics Weekly

Q2 GDP wrap-up, Turkish monetary easing incoming?

The raft of Q2 GDP figures out of Central and Eastern Europe highlighted that the region weathered the energy shock reasonably well but also that there’s a wide divergence in performances across the...

14th August 2026 · 5 mins read

Emerging Europe Economics Update

Turkey’s economy still struggling to rebalance

While Turkey has come through the energy shock without major balance of payments strains, the trade-off facing policymakers between reducing inflation and restoring external balance is getting starker...

11th August 2026 · 2 mins read

Emerging Europe Economics Weekly

Russia under pressure, financial risks across the region

The challenges facing Russia’s economy increased further this week amid reports of more restrictive fuel export bans, spillovers from Ukraine’s drone attacks on logistics firm Wildberries and further...

31st July 2026 · 6 mins read

Emerging Europe Chart Pack

Emerging Europe Chart Pack (July 2026)

The region appears to have come through the energy shock in good shape so far, with economic activity growing strongly in Q2 (Russia and Romania aside) and inflation falling below central banks’...

28th July 2026 · 1 min read

Emerging Europe Rapid Response

Turkey Interest Rate Announcement (Jul. 2026)

The statement to today’s Turkish central bank (CBRT) decision, at which policy rates were kept unchanged, made clear that policymakers are concerned about the renewed rise in oil prices, which is...

23rd July 2026 · 1 min read