Data
Serbia’s central bank reduces interest rate by 25 bp
NBS decision aligns with a recent move by the European Central Bank to ease monetary policy.
Falling inflation in Romania fuels expectations of July rate cut
Romania’s headline inflation rate dropped from 5.9% in April to 5.1% y/y in May.
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Czech inflation eases to 2.6% y/y in May
Inflation is down 0.3 percentage points compared to April.
IMF: Dollar’s "stealth erosion" in global reserves by other currencies
The US dollar's share in global reserve currencies is falling steadily, but instead of being replaced by one of the "big four" alternatives – euro, yen, and pound – central banks are buying currencies like the Chinese yuan.
Romania’s foreign trade and deficit both gain momentum in April
Trade deficit widened by 29% y/y indicating a deterioration in the country’s external balance.
Hungary’s inflation edges up in May
The annualised consumer price index in Hungary reached 4.0% in May, edging up from 3.7% in the previous month, in line with estimates. Compared to the previous month, prices fell by 0.1%.
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Czech unemployment inches down to 3.6% in May
Czech unemployment inched down to 3.6% in May and 274,322 job applicants were registered with the Czech labour office at the end of the month.
Serbia’s central bank expected to lower interest rates following ECB lead
Most analysts predict Serbia’s monetary institution will mirror the ECB's recent decision and cut interest rates by 0.25 percentage points.
Russia’s CBR postpones hike and keeps key rate at 16%
The board of the Central Bank of Russia (CBR) at the June 7 policy meeting resolved to keep the key interest rate unchanged at 16%, making a neutral rate decision for the fourth consecutive time. (chart)
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Slovak GDP grows by 2.7% in Q1
It is the highest growth registered in the last eight quarters and maintains a growth rate above 2% for a second consecutive quarter.
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Russia unemployment at new record low of 2.6% as economy overheats
Russian unemployment reached another record low of 2.6% in April, according to the latest data from RosStat, down by 0.1 percentage points month on month, and being yet another sign of the continuous economic overheating.
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Czech industry maintains decline, of 0.4%, in April
This follows a weak development in March when industry fell by 2.7% y/y after an increase of 0.7% in February, which ended a three-month skid in industrial output.
CBR Governor Nabiullina listed four factors to ensure Russian economic stability
CBR Governor Elvia Nabiullina listed four factors to ensure the stability of the Russian economy during a presentation at St Petersburg International Economic Forum (SPIEF) on June 5.
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Expansion in Kazakhstan services PMI sustained in May
Third consecutive monthly rise. Weakness seen in expectations, however.
IMF: Scars of conflict are deeper and longer lasting in Middle East and Central Asia
The negative economic effects of conflicts are larger and more persistent, partly reflecting a sharper impact of higher-intensity conflicts in these regions.
Russia's services PMI drops into the red for the first time in 15 months
The seasonally adjusted S&P Global Russia Services PMI Business Activity Index slipped into the red in May posting a score of 49.8, down from 50.5 in April, just above the no-change benchmark of 50.
Hungary confirmed to have finally emerged from recession
Rising consumer demand for services and net exports lift Q1 GDP.
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Russia overtakes Japan to become the fourth largest economy in the world in PPP terms
The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June.
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Czech PMI posts 46.1 in May
Index has predicted decline since June 2022.
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Kazakhstan PMI shows 8-month high in manufacturing sector output in May
Growth moves up a gear in improving demand environment.