Headline inflation has picked up across much of Emerging Europe. But we don’t think this threat is as big as some commentators are suggesting since underlying inflationary pressures are subdued. With the growth outlook deteriorating, we have still pencilled in rate cuts in the Czech Republic, Poland and Romania, starting in Q1. However, in Hungary, while much depends on the outcome of negotiations with the IMF, we expect a further hike in rates this month.
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