Turkey keeps policy rate constant at 50%
8 hours ago
Weekly consumer price inflation (CPI) on August 21-27 amounted to 0.1% for the second week in a row, following zero growth seen in the preceding weeks, according to the report by Rosstat statistics bureau. Annual inflation as of August 27 inched to 3% for the first time since September 2017.
Recent sanction-induced ruble weakening as well as other factors such as lower harvest expectations and upcoming VAT rate hike have awakened inflationary risks after the Central Bank of Russia managed to bring price growth to post-Soviet record lows.
Russian (CPI) ticked up to 2.5% in July, just below the consensus forecast of 2.6%, but is expected to continue to rise to the long-term trend level of 4% over the next year, the CBR said on August 6.
However, domestic analysts already suggested that emerging market volatility and looming US sanction threat might force the CBR to reconsider its previous guidance and hike the key interest rate from current 7.25% in September to curb potentially higher-than-expected inflation.
Most recently the Ministry of Economic Development already said that it will revise the full-year inflation forecast from previous 3.1% due to recent developments.
Related Content
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.
_1713874341.png)
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.
Most Read
-
The models are wrong, climate change is accelerating faster than predicted
1 day ago
-
Putinomics: Russia’s oil and gas revenue to double in April
18 hours ago
-
Russia already treating Bosnia’s Republika Srpska as an independent state
23 hours ago
-
CEE recovering but no full rebound in sight, says wiiw
1 day ago
-
Romanian consumer protection body begins investigation into Temu and Shein
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
8 days ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Don't mention the "D" word - Ukraine
5 days ago
-
The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
3 days ago
-
Europe unlikely to tackle Russian LNG imports anytime soon
3 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
26 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
30 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
28 days ago
-
Saudi Arabia to scale back plans for Neom city
15 days ago