Emerging Europe Rapid Response Israel Interest Rate Announcement (Apr.) The Bank of Israel left its policy rate on hold again today, at 4.50%, and sounded a bit more hawkish than at its previous meeting despite highlighting possibly quite a large hit to economic activity... 7th April 2025 · 2 mins read
Emerging Europe Rapid Response Romania Interest Rate Announcement (Apr.) The communications accompanying the decision by the National Bank of Romania to leave its policy rate on hold today, at 6.50%, highlighted two-sided risks to inflation and economic activity from US... 7th April 2025 · 2 mins read
Emerging Europe Rapid Response Turkey Consumer Prices (Mar. 2025) The softer-than-expected Turkish inflation figure for March, of 38.1% y/y, suggests that the sell-off in the lira last month hasn’t exerted significant upwards pressure on consumer prices (yet). And... 3rd April 2025 · 2 mins read
Emerging Europe Rapid Response Poland Interest Rate Announcement (Apr.) The National Bank of Poland left is policy rate on hold again today, at 5.75%, and while our forecast is for policy settings to remain unchanged throughout 2025, the risks of an earlier resumption of... 2nd April 2025 · 2 mins read
Emerging Europe Rapid Response Emerging Europe Manufacturing PMIs (Mar.) The rise in the manufacturing PMIs in Central Europe in March adds to evidence that the region is recovering from its recent soft patch. In contrast, the drop in Russia’s PMI suggests the economy may... 1st April 2025 · 2 mins read
Emerging Europe Rapid Response Czech Interest Rate Announcement (Mar.) The Czech National Bank left its policy rate on hold today, at 3.75%, and we think that the scope for further interest rate cuts this year has become more limited. We had previously been forecasting... 26th March 2025 · 2 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Mar.) 25th March 2025 · 2 mins read
Emerging Europe Rapid Response Russia Interest Rate Announcement (Mar.) 21st March 2025 · 2 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Mar.) The decision by Turkey’s central bank (CBRT) to hike its overnight lending rate from 44% to 46% today suggests that policymakers have been spooked by the market volatility yesterday and are keen to... 20th March 2025 · 2 mins read
Emerging Europe Rapid Response Turkish lira plunges The sharp drop in the Turkish lira on the news that the main opposition leader, Ekrem İmamoğlu, has been arrested will complicate the central bank’s task of bringing inflation down and raises big... 19th March 2025 · 2 mins read
Emerging Europe Rapid Response Poland Interest Rate Announcement (Mar.) The decision by the National Bank of Poland (NBP) to leave its policy rate on hold today, at 5.75%, was widely anticipated, but we think that interest rates will stay higher than most others expect... 12th March 2025 · 2 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Mar.) The communications accompanying the decision by the Turkish central bank (CBRT) to cut its policy rate by 250bp again today, to 42.50%, suggest that policymakers were reassured by the fall in... 6th March 2025 · 1 min read
Emerging Europe Rapid Response Emerging Europe Manufacturing PMIs (Feb.) 3rd March 2025 · 2 mins read
Emerging Europe Rapid Response Turkey Consumer Prices (Feb. 2025) The weaker-than-expected Turkish inflation figure for February, of 2.3% m/m, will provide some reassurance that the spike in January was a one-off. And it keeps the door open for the central bank to... 3rd March 2025 · 2 mins read
Emerging Europe Rapid Response Turkey GDP (Q4 2024) The strong 1.7% q/q expansion in the Turkish economy in Q4 appears like a setback to the central bank’s efforts to bring down high inflation, but we don’t think this data is enough to throw the... 28th February 2025 · 2 mins read
