EM Sovereign Credit: Vulnerabilities from external financing conditions
In the near-term, emerging sovereign credit benefits from favourable external tailwinds and official support.
Hungary: Current account temporarily returns into surplus
The Hungarian current account balance came in at €98.6 million in 2020 after the fourth quarter data and downward revisions. This small surplus will…
Hungary: Current account deficit widens
The Hungarian current account balance caused an upside surprise in 2Q20, but still shows the widest deficit since end-2008. We see improvement ahead
The current account further deteriorated in February, though remained in positive territory. Going forward, the likely decline in tourism revenues and…
External balances have improved significantly in recent months thanks mainly to a sharp decline in imports. Meanwhile, more competitive prices have…
Turkey's external balance turns to surplus
Turkey: External deficit at its lowest since 2003
Turkish current account deficit narrows in April
THINK Ahead: Deal done, hikes axed? Not exactly
Italian inflation inches up in May on rising energy pressures
ECB set for June ‘insurance’ hike as energy shock raises policy risks
Turkey: Current account deficit narrows further
Turkey: The CBT remains on hold at its April meeting
Turkey: External deficit narrows further
Hungary: Current account deficit returns
Turkey's central bank: Still in wait-and-see mode
The central bank of Turkey kept the policy rate unchanged at 24% and maintained its hawkish bias given the fragility of the currency and ongoing…
Turkey: The CBT keeps rates on hold again
At the January MPC the CBT kept the policy rate flat at 24%, while highlighting the prevailing risks on price stability.
Hungary: Current account surplus narrows
