Russia’s CBR maintains key rate at 16%
12 hours ago
Industrial price inflation decreased in Romania for the sixth month in a row, to 21.6% y/y, in February, the statistics office INS announced.
The figure is still among the highest in Europe, but there are indications that the pressure on consumer prices is diminishing.
Furthermore, compared to January, industrial prices dropped by 0.29% m/m.
On the domestic market, where the energy prices hold a comparatively larger share, industrial prices increased by 27.5% y/y while for the goods traded abroad the prices increased by only 8.35% y/y.
The prices of intermediary goods, the most relevant indicator for the future development of consumer prices, eased to 9.3% y/y in February from 13.9% y/y in January and 16.3% y/y in December.
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Russia’s CBR maintains key rate at 16%
The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 16% at the policy meeting on April 26, making a third meeting in a row that the rate is maintained flat.
NBU cuts rates 100bp to 13.5% on falling inflation
The National Bank of Ukraine (NBU) lowered the key policy rate by 100bp to 13.5% on April 25 and improved its inflation forecast as price pressure ease.
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.
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