Emerging Europe Chart Pack Emerging Europe Chart Pack (Jan. 2024) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. Inflation continued to fall sharply across Central and Eastern Europe at the end of 2023... 31st January 2024 · 1 min read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Jan.) The Hungarian central bank’s communications following its meeting today confirm that the decision not to accelerate the pace of its easing cycle was due to the recent ratcheting up of tensions between... 30th January 2024 · 2 mins read
Emerging Europe Economics Update Hungary-EU tensions ratchet up with EU funds at stake Were the EU to block Hungary’s access to funds (if it vetoes financing for Ukraine at this week’s summit), as reports on Sunday suggested, this would probably have a smaller direct impact on Hungary’s... 29th January 2024 · 4 mins read
Emerging Europe Economics Weekly Hungary’s interest rate proposal, last CBRT rate hike The proposal by the Hungarian government this week to change the reference rate used to price bank loans has sparked a lot of criticism and risks undermining the central bank’s independence. We think... 26th January 2024 · 9 mins read
Emerging Europe Economics Weekly MNB to step up easing, inflation softens again in Israel In Hungary, dovish comments from the central bank (MNB) deputy governor this week and recent softer-than-expected inflation data have prompted us to pencil in a larger 100bp interest rate cut at the... 19th January 2024 · 7 mins read
Emerging Europe Economics Update Five key themes from Euromoney's CEE forum The fading energy crisis and the falls in inflation and interest rates generated a more positive mood about the economic outlook at Euromoney’s Central and Eastern European (CEE) forum in Vienna this... 18th January 2024 · 5 mins read
Emerging Europe Rapid Response Economic Sentiment Indicators (Dec.) The European Commission's Economic Sentiment Indicators for Central and Eastern Europe (CEE) generally continued to rise in December and point to regional activity strengthening at the end of 2023... 8th January 2024 · 2 mins read
Emerging Europe Economics Weekly EU’s new fiscal rules, CNB joins the rate cutting club EU finance ministers agreed on a new set of fiscal rules this week, but this doesn’t change our view that concerns about public debt dynamics will grow in parts of Central and Eastern Europe over the... 22nd December 2023 · 6 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Dec.) The Hungarian central bank (MNB) cut its base rate by 75bp again today (to 10.75%), and we think it will probably continue to lower rates at this pace over its next few meetings. However, we expect... 19th December 2023 · 2 mins read
Emerging Europe Chart Pack Emerging Europe Chart Pack (Dec. 2023) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. Inflation and interest rates will fall across Central and Eastern Europe in 2024 and an... 19th December 2023 · 1 min read
Emerging Europe Economics Weekly Assessing Russia's war hit, change of guard in Poland Analysis by the US Treasury Department published this week gained a lot of attention for highlighting that Russia’s economy is now 5% smaller due to the war and sanctions than it otherwise would have... 15th December 2023 · 9 mins read
Emerging Europe Economic Outlook Inflation fight is far from over Inflation and interest rates will fall across Central and Eastern Europe (CEE) in 2024 and an economic recovery is likely to take hold across the region. But the task of bringing inflation back to... 7th December 2023 · 25 mins read
Emerging Europe Economics Weekly CEE inflation won’t follow euro-zone to target in 2024 Investors increased their expectations for interest rate cuts by the ECB after November’s soft euro-zone inflation print this week, but in parts of Central and Eastern Europe (CEE) the latest... 1st December 2023 · 9 mins read
Emerging Europe Rapid Response Economic Sentiment Indicators (Nov.) The European Commission's Economic Sentiment Indicators for Central and Eastern Europe (CEE) generally rose in November, and suggest that activity in the region has continued to recover in Q4... 29th November 2023 · 2 mins read
Emerging Europe Chart Pack Emerging Europe Chart Pack (Nov. 23) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. Russia and Turkey had a strong first half to the year, but large policy tightening is... 23rd November 2023 · 1 min read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Nov.) The Hungarian central bank (MNB) cut its base rate by another 75bp (to 11.50%) as expected today, and we think it will continue to lower rates in similar steps until the end of Q1. That said, with the... 21st November 2023 · 2 mins read
