This week the Czech National Bank increased its key interest rate for the first time in the last 16 months, while the Hungarian National Bank did so for the first time in the last 10 years.
The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.
Most CEE governments submitted their national plans after the deadline and two (Bulgaria and Estonia) are yet to finalise them.
The Statistical Office has revised up the first-quarter GDP growth for Hungary to 2.0% quarter on quarter. The strong start and details suggest we are likely to see the economy growing by around 7.4% this year.
Headline inflation significantly accelerated in April, reaching a level not seen since end-2012. Fuel and tobacco triggered the acceleration, and there's more to come.
Visions of a new roaring twenties are seductive but climate change and geopolitics pose threats.
The stronger-than-expected wage growth remains puzzling, as based on the labour market data, the retail sector should not be in a downward spiral.
The preliminary GDP figure for the first quarter surprised on the upside. The economy fell just 0.3% quarter on quarter, with pandemic restrictions being in place throughout the quarter.