The sharper-than-expected increase in Turkish industrial production in February provides some evidence that local firms are benefiting from a weaker lira. Elsewhere, the decline in Hungary’s inflation rate back into negative territory last month has prompted us to tweak our interest rate forecast – we now expect a slightly larger rate cut this month, of 15bp (to 1.05%), and further cuts in the months ahead.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services