Emerging Europe Economics Update Polish policymakers not yet ready to raise rates Today’s decision to keep Polish interest rates unchanged and raise reserve requirements instead reflects an attempt to tighten monetary conditions without attracting an influx of foreign capital... 27th October 2010 · 1 min read
Emerging Europe Economics Update Central Bank of Turkey turns even more dovish The outlook for Turkey remains amongst the best in the region, but policymakers at the central bank (CBRT) are still in no mood to raise interest rates. 26th October 2010 · 1 min read
Emerging Europe Economics Update Russia to get a near-term boost from higher oil prices In light of the recent upward revision to our near-term profile for oil prices, we have pushed up our Russian growth and inflation forecasts for 2011. But the economy remains vulnerable to the fall in... 21st October 2010 · 1 min read
Emerging Europe Economics Update Polish prospects picking up, but challenges remain The outlook for Poland remains amongst the best in the region, and we now expect the economy to expand by 3% next year (from 2.5% before). But with further steps needed to tackle the large structural... 20th October 2010 · 1 min read
Emerging Europe Economics Update Region's banks over the worst, but vulnerabilities remain Our latest ‘Heat Map’ suggests that pressures facing the region’s banks have continued to ease in recent months. But while the worst of the crisis is now behind us, familiar vulnerabilities persist... 19th October 2010 · 1 min read
Emerging Europe Economics Update Turkey steps up its 'exit strategy' (Oct 10) It has been a long time coming, but policymakers in parts of the region are gearing up to begin tightening monetary policy. The Central Bank of Turkey accelerated its so-called ‘exit strategy’ from... 18th October 2010 · 1 min read
Emerging Europe Economics Update Hungarian fiscal efforts do not go far enough The Hungarian government last night announced a fresh set of fiscal austerity measures, which should allow it to at least come close to meeting next year’s budget deficit target of 3% of GDP. But its... 14th October 2010 · 1 min read
Emerging Europe Economics Update Rising Czech inflation doesn't warrant higher interest rates Last month’s pick-up in inflation in the Czech Republic is likely to give further ammunition to the hawks on the National Bank’s (CNB’s) policymaking Board. But core price pressures remain remarkably... 11th October 2010 · 1 min read
Emerging Europe Economics Update Russia: crunch time approaching for the CBR Russian banks have become more willing to lend in recent months. Much still depends on oil prices, but a strengthening banking sector raises the chances that the rapid expansion of the monetary base... 11th October 2010 · 1 min read
Emerging Europe Economics Update Fears over capital inflows don't apply to Emerging Europe Fears that a rapid influx of capital into emerging markets may sow the seeds of the next bubble are starting to build. For the bulk of Central & Eastern Europe (CEE), however, the biggest risk is that... 8th October 2010 · 1 min read
Emerging Europe Economics Update Slovakia: fiscal squeeze adds to headwinds facing recovery The overall state of the public finances in Slovakia is in better shape than in most of Emerging Europe. Even so, a combination of tighter fiscal policy and, more importantly, a fading recovery in... 6th October 2010 · 1 min read
Emerging Europe Economics Update Another strong showing for the centre-right After recent gains in Slovakia and the Czech Republic, centre-right parties had another strong showing in elections in Hungary and Latvia this weekend. But while Latvia’s ruling coalition has already... 4th October 2010 · 1 min read
Emerging Europe Economics Update Poland still leading the way September’s manufacturing PMIs brought further evidence that Poland is leading the recovery in Central Europe. Elsewhere, however, the industrial sector is losing steam. 1st October 2010 · 1 min read
Emerging Europe Economics Update Russian rates on hold, policymakers remain dovish The Central Bank of Russia (CBR) kept its key interest rates unchanged earlier today and issued a dovish accompanying statement. But in reality official interest rates have little bearing on market... 29th September 2010 · 1 min read
Emerging Europe Economics Update Czech rates on hold, still in no rush to tighten The Czech National Bank (CNB) kept interest rates unchanged at 0.75% earlier today, as expected. But the news that one Board member voted for a rate hike will lead to much debate over the future pace... 23rd September 2010 · 1 min read
Emerging Europe Economics Update Too soon to cry victory in Russia's inflation battle Aside from a recent drought-related rise in food prices, our forecast that Russian inflation would fall sharply this year has played out as we expected. But while underlying price pressures should... 22nd September 2010 · 1 min read
