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In the near-term, emerging sovereign credit benefits from favourable external tailwinds and official support. However, with dollar financing conditions…
This PDF file contains two external vulnerability heatmaps grouped by sovereign ratings (at end-2020) on pages 2 and 3, with the latter including the…
In the near-term, emerging sovereign credit benefits from favourable external tailwinds and official support.
At today's online conference, National Bank of Poland Governor Adam Glapiński reduced expectations of a prompt normalisation in monetary policy.…
Extraordinary spending in Hungary pushed the budget deficit higher in June, but compared to the amended budget target, everything is in line with plans.…
The Council's statement was little changed, despite a significant upgrade to GDP and CPI projections. The Bank governor should point to CPI returning…
It didn’t show up in statistics in May, but inflation has finally arrived in June. Reopening related price pressures in Hungary are pushing headline…
FX markets are being dominated by a position unwind as reflation trades continue to come under pressure. The good news is that the FOMC minutes did not…
The export revival continues in Germany, albeit at a slower pace, but supply chain frictions could lead to more volatility in the months ahead
After a disappointing April, industry was able to bounce back in May despite the supply side bottlenecks. Car manufacturing is leading the way, but other…
