Emerging Europe Rapid Response

Romania Interest Rate Announcement (Nov.)

8th November 2022 · 2 mins read

Emerging Europe Economics Weekly

All eyes on a divided NBP, Israel’s election outcome

The divergent views among policymakers at the National Bank of Poland (NBP) make it increasingly difficult to tell whether the central bank’s tightening cycle is coming to an end. Our central view is...

4th November 2022 · 10 mins read

Emerging Europe Rapid Response

Czech Interest Rate Announcement (Nov.)

3rd November 2022 · 2 mins read

Emerging Europe Economics Update

Hungary’s external vulnerabilities in the spotlight

The surge in energy prices this year has led to a sharp widening in Hungary’s current account deficit and increased its dependence on foreign capital inflows. While the central bank seems to have put...

3rd November 2022 · 5 mins read

Emerging Europe Data Response

Turkey Consumer Prices (Oct.)

Inflation in Turkey rose to 85.5% y/y in October due to a broad-based strengthening of price pressures. Even so, the central bank will remain under pressure from President Erdogan for looser policy...

3rd November 2022 · 3 mins read

Emerging Europe Data Response

Russia Activity Data (Sep.)

There were broad-based falls in Russian industrial production and retail sales in September. The economy may have narrowly avoided another q/q contraction in GDP in Q3 as a whole, but there’s clearly...

2nd November 2022 · 3 mins read

Emerging Europe Economics Update

Israel’s recovery entering a more challenging phase

Israel’s economy has been one of the fastest growing globally since the pandemic but there are a number of headwinds that will weigh on activity over the coming quarters. We expect a period of below...

2nd November 2022 · 4 mins read

Commodities Update

Black Sea grain deal blow adds impetus to lofty prices

Russia’s decision to withdraw from the Black Sea Grain Initiative will exacerbate sky-high prices and tight global supply, and adds to the likelihood that prices hover around historical highs for the...

1st November 2022 · 2 mins read

Emerging Europe Economics Weekly

Bibi comes back in Israel? Wage pressures in CEE

Israelis vote in elections next week and while polls point to a possible return for Benjamin Netanyahu (aka Bibi) as PM, another inconclusive result remains highly likely. The election has limited...

28th October 2022 · 10 mins read

Emerging Europe Economics Update

CBR’s Nabiullina shows growing inflation concerns

Russian central bank governor Elvira Nabiullina’s post-meeting press conference reinforced the message that policymakers are increasingly concerned about pro-inflationary risks, including those...

28th October 2022 · 2 mins read

Emerging Europe Rapid Response

Russia Interest Rate Announcement (Oct. 22)

28th October 2022 · 2 mins read

Emerging Europe Data Response

Economic Sentiment Indicators (Oct.)

The EC’s Economic Sentiment Indicators for Central and Eastern Europe were a mixed bag in October, but the big picture is that sentiment in most countries is very depressed which supports our view...

28th October 2022 · 3 mins read

Emerging Markets Economic Outlook

Mounting headwinds set stage for sluggish growth

EM GDP growth has slowed sharply this year and is likely to remain sluggish in 2023 and 2024 as weak external demand and tight financial conditions take their toll. Having started hiking rates much...

27th October 2022 · 2 mins read

Event

EM Drop-In: How will EM economies and markets fare in the global downturn?

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Economists from our Emerging Markets and Markets teams discussed the outlook for EM financial markets in this regular dive into the big stories in EMs.

Emerging Europe Chart Pack

External vulnerabilities firmly in the spotlight

Current account deficits have widened to alarming levels in Poland, Hungary, Turkey and, most of all, Romania, in recent months which has contributed to the downward pressure on currencies this year –...

26th October 2022 · 12 mins read