Data
Istanbul-listed Isbank’s CEO expects 350bp rate cut on July 24
Head of Turkey's government-run Ziraat Bank is also anticipating a significant downward move in the benchmark.
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
Hungary's economy continues to struggle with weak momentum and only a gradual improvement in inflation, the National Bank of Hungary said in its latest Inflation Report.
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Czech statisticians improve GDP estimate to 2.4% Q1
Czech gross domestic product increased by 2.4% year on year and by 0.7% quarter on quarter in the first quarter of this year, following a revision by the Czech Statistical Office on the previously published 2.2% y/y and 0.8% q/q.
Turks back in the game tapping eurobond market
Four Turkish issuers raise combined $3.85bn in three days.
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Russia’s inflation continued to recede to 9.5%
Russia’s consumer price inflation during the week of June 17–23 was 0.04% week on week, flat as compared to the previous week, according to the latest report from RosStat statistics agency.
ING: Unemployment rate drops further than expected in Hungary
Recent labour market data show that demographic decline and voluntary exits are key factors to watch out for. Meanwhile, gloomy macroeconomic conditions are leading to redundancies. A bleak outlook is prompting companies to consider downsizing.
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Czech National Bank keeps rates at 3.5%
The Czech National Bank has kept the main interest rate at 3.5% following a unanimous decision at the monetary board meeting on June 25. The decision was widely expected.
Polish public support for Ukraine’s EU and NATO membership drops sharply – poll
Public backing in Poland for Ukraine’s accession to the European Union and Nato has fallen significantly since the start of the war, according to a new survey by the research agency IBRiS.
Hungary’s MNB leaves rates on hold, won’t rush to restart easing cycle
The Hungarian central bank (MNB) left its base rate on hold on June 24 at 6.50% for the ninth month in a row.
Moldova’s economy minister attributes Q1 GDP contraction to export decline
Doina Nistor says growth in services exports failed to offset decline in exports of goods.
Uzbekistan’s foreign trade expands 15% y/y to $31.3bn in Jan–May
Growth driven by a 31% rise in exports to $14.8bn. Imports rose a modest 3.7% to $16.5bn.
Polish retail sales ease growth in May but still point to sustained consumption as pillar of growth
Polish retail sales grew 4.4% year on year in constant prices in May, a marked slowdown from the 7.6% y/y increase recorded in April.
Spare my blushes – Spanish asset manager discusses Turkey’s 0% weight in portfolios
To the MSCI EM Index, country remains a rounding error. Will the Israel-Iran clash blow it and the world further off course?
Sanctions no longer top Russian business concern, worries now focused on internal constraints on growth – survey
Russian business leaders are increasingly less concerned about Western sanctions but more preoccupied with structural economic challenges, particularly labour shortages and cost pressures, according to the latest "CEO Barometer" poll.
Where US military facilities are in the Middle East
Iran launched an attack on a US air base in Qatar on Monday evening local time, according to state media. The move comes amid escalations between Israel and Iran and is a retaliation for the US decision to attack Iran’s nuclear sites yesterday.
Polish PPI eases decline rate slightly in May
Poland's producer price index fell 1.5% year on year in May, following a revised decline of 1.6% y/y in April.
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Slovak unemployment stays at 3.71% in May
Unemployment in Slovakia stayed at 3.71% in May, the same as in the previous month. The April level was the lowest on record since 1993. Year on year, it dropped by 0.07 percentage points.
Romanian wage growth slows sharply in April, signalling end of high-growth period
Romania’s average net wage posted its weakest real-terms growth in over a year in April, rising by just 3.5% y/y.
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Russian inflation slows to 9.6% as of June 16
Russia’s consumer prices rose by 0.04% week on week between June 10 and 16, compared with 0.03% w/w the previous week, according to the latest data from RosStat.
Turkey’s central bank stays put on rates in fog of geopolitical tensions
Lira has felt renewed pressure since Israel's attack on Iran was launched six days ago. Regulator has burnt through reserves to maintain stability.