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
Emerging Europe Chart Pack Emerging Europe Chart Pack (June 2026) Our Emerging Europe Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The region has come through the energy shock relatively unscathed, and the... 24th June 2026 · 1 min read
Emerging Europe Economic Outlook Regional easing cycle has further to run Emerging Europe has come through the energy shock with only a minor loss of momentum and (generally) contained inflation. We think the region will be one of the few globally where monetary easing... 19th June 2026 · 24 mins read
Emerging Europe Economics Weekly Door now wide open for rate cuts in Hungary Hungary’s central bank had already been inching towards reducing interest rates and the big downside surprise in the May inflation figures has prompted us to pencil in a larger 50bp cut (to 5.75%) at... 12th June 2026 · 5 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Jun. 2026) The decision by the Turkish central bank (CBRT) to leave its key policy rates unchanged today (rather than hike) confirms that it would take much more severe strains in the balance of payments than... 11th June 2026 · 2 mins read
