Czech central bankers keep interest rate at 3.75%
1 day ago
Industrial production in Ukraine increased 51.20% in March of 2023 against the same month in the previous year as the base effect of the start of the war kicked in. (chart)
Likewise, retail sales in Ukraine climbed 35.50% in the same period for the same reasons. (chart)
Industrial production staged a mild increase the two months previously as the economy stabilised and the majority of the fighting was contained in the eastern part of the country, with no major offensives launched since last September allowing businesses in the west to go back to work, albeit at reduced volume.
Retail sales have collapsed and despite the statistics leap due to the low base effect, they remain depressed compared to pre-war levels.
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Czech central bankers keep interest rate at 3.75%
Czech National Bank (CNB) kept the interest rate unchanged at 3.75%, meeting wide market expectations. The rate is the lowest since January 2022.
Turkey burns through towards $30bn in reserves after detaining Imamoglu
Regime has struggled to stabilise the financial markets but, as things stand, the situation does not threaten its survival.
Romania’s macroeconomic confidence index declines amid recession fears
Decline reflects growing concerns over economic uncertainty and a potential recession.
Polish retail sales disappoint in February
Polish retail sales fell 0.5% year on year in constant prices in February, defying the consensus, which expected a 3.2% annual increase.
Kosovo’s trade gap up 13.6% y/y in February
Exports dropped by 4.3% y/y to €67.3mn in February, while imports were up 10.9% to €518.6mn.
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