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After a surprise in August, the market adjusted its inflation expectations higher, so the 5.5% year-on-year rate in September was in line with estimates.…
We had a long held non-consensus view for a November hike, driven by our high CPI forecasts. We see a significant fiscal expansion, rising demand pressure…
August has been a mixed bag so far based on the incoming activity data. Retail sales rose at a stronger-than-expected pace, while industry is facing more…
The National Bank of Romania (NBR) will announce its latest decision on Tuesday, 5 October. Given the latest regional developments (rate hikes in Czech…
Significant rises in inflation are expected across emerging market economies next week, forcing some central banks to send more hawkish signals and begin…
After a technical drop in June, wage growth picked up again in July. Our focus is on the 2022 minimum wage discussion, which can strengthen wage-push…
Demand for labour is increasing while supply seems to be reaching a plateau. This suggests higher fluctuations and increasing wage push inflation
Amidst many cross-currents in FX markets, one that is gaining traction is that the dollar appears to be getting a lift from the adjustment higher in…
Labour market data in Hungary should be positive though activity data from Russia could be mixed
With the rapid economic recovery phase now behind us and the peak of the fourth Covid wave just ahead, the Romanian economy is starting to feel the need…