Emerging Europe Data Response Czech CPI (Jul.) The weaker-than-expected 0.5% y/y rise in Czech consumer prices last month may bethe first sign that the recent appreciation of the koruna is starting to drag downinflation. Even so, with the economy... 10th August 2015 · 1 min read
Emerging Europe Economics Update Czech MPC hints at policy staying loose for longer The Czech MPC kept its policy interest rate and exchange rate ceiling unchanged earlier today, but the Council dropped its strongest hint yet in the accompanying press release that extremely loose... 6th August 2015 · 1 min read
Emerging Europe Economics Update How will Czech policymakers respond to the rising koruna? The strength of the Czech koruna has raised concerns at the National Bank about a fresh slowdown in inflation and, in the first instance, we think the MPC will try to ease pressure on the currency by... 23rd July 2015 · 1 min read
Emerging Europe Data Response Czech CPI (Jun.) The small rise in Czech headline and core inflation in June provides early evidence that the recent labour market improvements and the strength of domestic demand are starting to feed through to... 9th July 2015 · 1 min read
Emerging Europe Data Response Czech & Hungary Industrial Production (May) The sharp slowdown in industrial production growth in both the Czech Republic and Hungary in May was distorted by working day effects. The underlying trend is one ofsteady growth in industry of around... 7th July 2015 · 1 min read
Emerging Europe Economics Update Czech MPC tones down dovish comments Having kept its policy interest rate and exchange rate ceiling unchanged earlier today, the Czech MPC struck a less dovish note at this afternoon’s press conference. For now, we remain of the view... 25th June 2015 · 1 min read
Emerging Europe Data Response Czech & Hungary CPI (May) Stronger-than-expected inflation figures for last month in both the Czech Republic and Hungary will remove any lingering concerns about deflation. However, large amounts of spare capacity will keep... 9th June 2015 · 1 min read
Emerging Europe Economic Outlook Prospects diverge Emerging Europe’s economy is likely to contract this year for the first time since 2009, but prospects differ substantially across the region. In Russia, while financial strains have eased, the... 5th June 2015 · 1 min read
Emerging Europe Data Response Manufacturing PMIs (May) May’s batch of manufacturing PMI data for Emerging Europe provided further evidence that the slump in the Russian economy has deepened in the second quarter. But the surveys finally brought some... 1st June 2015 · 1 min read
Emerging Europe Economics Update Equities weaken, bond yields rise Financial markets in Emerging Europe have generally performed poorly over the past month, with equities having dropped back and the region’s bonds having been hit by the sell-off in developed... 28th May 2015 · 1 min read
Emerging Europe Data Response Czech Republic & Poland GDP (Q1) First quarter GDP data from Poland and the Czech Republic add to evidence suggesting that, while most other EMs have slowed since the start of this year, those in Central Europe have strengthened. 15th May 2015 · 1 min read
Emerging Europe Data Response Turkey Curr. Acc. (Mar.) & Czech CPI (Apr.) Turkey’s higher-than-expected current account deficit figure for March provides further evidence that weak exports have almost entirely offset the benefit to the economy from lower oil prices. And the... 12th May 2015 · 1 min read
Emerging Europe Economics Update Czech MPC turns a little less dovish The press release accompanying the Czech National Bank’s MPC meeting, at which the policy rate and the exchange rate ceiling were left unchanged, was dovish but less so than in March. As a result... 7th May 2015 · 1 min read
Emerging Europe Data Response Czech & Hungary Industrial Production (Mar.) March’s industrial production data from the Czech Republic and Hungary show that both economies ended the first quarter on a strong note. Indeed, these data, put together with the latest retail sales... 7th May 2015 · 1 min read
Emerging Europe Data Response Manufacturing PMIs (Apr.) April’s raft of manufacturing PMIs in Emerging Europe, released today and yesterday, suggest that conditions in the Russian and Turkish industrial sectors improved a little at the start of the second... 5th May 2015 · 1 min read
Emerging Europe Chart Pack Russia’s economy slumps, growth weakens in Turkey The region’s two largest economies – Russia and Turkey – have continued to struggle over the past month. Russia’s economy appears to have contracted sharply by around 3% y/y in Q1. Meanwhile, we... 27th April 2015 · 1 min read
