Automotive sector output in Hungary edges up 1.6% y/y in February
16 hours ago
Belarus central bank predicts the key refinance rate will be cut to 10% in 2018, the National Bank of Belarus (NBB)'s governor Pavel Kallaur told journalists on November 2.
He added that the regulator has no intention of making "some significant steps" to reduce the refinancing rate next year. According to Kallaur, the central bank also estimates inflation will be about 6% in 2018.
The statement followed October's cut of the rate to 11%. In annual terms, consumer prices in the post-Soviet nation rose by 5.3% in August. The merchandise which are not subject to seasonal influence and administrative regulation make a major contribution to the slowdown in annual growth rates of consumer prices, the NBU said in a statement at the time.
The share of goods in the consumer basket, in which prices grew by less than 5% in annual terms, increased to 63% in August 2017 (about 30% more than a year earlier).
"With regard to the actual dynamics of inflation, it is expected that the growth in consumer prices will be lower at year-end 2017 than predicted earlier, closer to 6%," the regulator statement reads.
Related Content
Data
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
_1713174351.png)
Slovak inflation eased further to 2.3% in March
Prices in the alcohol and tobacco sector increased by 19% y/y, including the 9.1% spike in tobacco prices as a result of the new consumption tax.
Polish inflation eases further to 2% y/y in March
The inflation rate landed within the National Bank of Poland’s target of 1.5%-3.5% for a second successive month
CEE falling inflation trend comes to an end
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
Hungary’s CPI edges lower, but price pressures remain in service sector
Consumer prices in Hungary rose 3.6% y/y in March, but services' prices rose almost 10%.
Most Read
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
US Speaker Johnson releases preliminary details of a new $43bn Ukraine aid package
16 hours ago
-
Russia’s war economy boosted by rising oil prices
16 hours ago
-
Iran vs Israel: Who is better equipped for war?
3 days ago
-
Huge billboard in Tehran calls Israel 'weaker than a spider's web' after weekend attack
1 day ago
-
Saudi Arabia to scale back plans for Neom city
6 days ago
-
Iran vs Israel: Who is better equipped for war?
3 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
The ruble overtakes the yuan as Russia's main currency for settling international trade deals
7 days ago
-
Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
7 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
17 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
21 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
26 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
19 days ago