Turkey keeps policy rate constant at 50%
3 hours ago
Latvia's consumer price index (CPI) grew 2.8% y/y in October, data released by the country's Central Statistical Bureau (CSB) on November 8 showed.
The reading means price growth slackened marginally following the 2.9% y/y growth rate seen in September. Price growth still appears to be under demand-led pressure from the tightened labour market pushing up wages and the return of EU-funded investment.
Inflation has now grown for 14 months straight, in line with forecasts for a decisive pick-up in CPI this year after the index barely moved in 2016.
As in September, all but two segments recorded annual price growth in the tenth month. Prices in the food segment were the main driver behind the headline figure, growing 5.3% y/y. Prices in the transport segment also contributed, expanding 2.2% on the year in October, while the prices of miscellaneous goods jumped 7.6%.
The CPI is expected to grow by 2.9% in 2017, according to the autumn forecast from European Commission. The index added just 0.1% last year.
In monthly terms, prices grew 0.7%, compared to a growth of 0.3% the previous month.
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Data
Turkey keeps policy rate constant at 50%
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
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Slovak unemployment inched further down to 3.88% in March
There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.
Poland’s industrial production disappoints in March as output declines 6% y/y
Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
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