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Inflation
Stable Outlook for Recovery of Austrian Economy
The outlook for economic improvement has stabilized. Both Wifo’s economy test and Wifo’s early indicator point to an upward trend.
November 8, 2013
ECB to Keep Interest Rate Low
Despite a low inflation, the European Central Bank (ECB) will keep the interest rate low. The Council of ECB has held a meeting on Thursday morning
November 7, 2013
Poland´s National Bank Holds Interest Rate Flat
In order to boost economic growth, the Polish Monetary Policy Council has left the interest rate unchanged.
November 6, 2013
Slovenia: Banking Act Rejected by Parliament
The Slovenian parliament has disapproved of the banking act which planned to introduce bail-in rules throughout the European Union.
November 6, 2013
Romania: Growth Rates to Exceed Forecasts
According to the autumn forecast published by the EU Commission on Tuesday, Romania will exceed the previous estimates.
November 6, 2013
Czech Republic Crawls Out of the Recession
The recession in the Czech Republic comes to an end. Fixed investments are still the main weak point.
November 4, 2013
Eurozone: Inflation Continues to Decrease
Euro area annual inflation down to 0.7 percent.
November 4, 2013
Czech Growth Outlook Revised
The Czech Ministry of Finance has improved its economic forecasts.
November 1, 2013
Czech Republic: Monetary Easening Not an Option for CNB
Improper exit policy could cause currency swings or inflation, according to expert.
October 29, 2013
Poland: Key Rate to Remain Low
In order to support the positive growth trend, the Polish National Bank (NBP) will keep the key rate flat next year. Poland´s economic growth is mainly based on foreign demand, though.
October 24, 2013
Austria: Saving Grows Decently
At the end of June, total savings reached € 490bn. In real terms, total savings shrink. Lending remains stable.
October 22, 2013
Serbia Cuts Interest Rate
The executive board of the Serbian National Bank decided to lower the key policy rate by half a percentage point, to 10.5 percent.
October 21, 2013
Poland: Inflation Remains Stable
Inflation net of food and energy prices amounted to 1.3% y/y, representing a 0.1 pp decrease on the figure recorded in the two previous months.
October 17, 2013
Austria: Inflation Down to 1.7 Percent
In September the inflation rate dropped to 1.7 percent which is the lowest value since August 2010.
October 16, 2013
Albania: Economic Growth below Potential
Structural reforms are needed to boost productivity and competitiveness and avoid weaknesses, according to the International Monetary Fund (IMF).
October 15, 2013
Romania: “Aggressive Rate Cuts Likely”
In view of the accelerating disinflation in Romania, Vienna-listed RBI (Raiffeisen Bank International) expects the monetary policy to be eased further.
October 12, 2013
Serbia: FX Reserves Shrink
NBS FX reserves amounted to EUR 10,444.5 million at end-September, covering M1 by 333 percent and more than seven months of imports of goods and services. Inflation remains stable.
October 11, 2013
Croatia: Inflation Moderate
At the session the CNB Council examined recent economic and monetary indicators, as well as expected further developments.
October 10, 2013
Czech Inflation Below Expectations
The Czech inflation rate slowed down to 1.0% in September. In the next months, the country faces a stagnating economy in the best case.
October 9, 2013
Hungary: Easing Cycle Nears Its End
After the interest cut last week, there is still downward potential. However, MNB must be cautious, Hungary´s rate setter Gyula Pleschinger told WSJ.
October 4, 2013
Romania: Recovery Depends on External Factors
Thanks to foreign demand and foreign investors, Romania´s economy accelerates. However, domestic demand is still the country´s weak point.
October 4, 2013
CESEE: Recovery Slow, but Stable
Corporate sentiment improving in major CEE countries as well, as the economic recovery begins to take root. Low point in interest rates has essentially been reached, rises in yields to follow trends in the developed markets, RZB says.
October 4, 2013
Poland: NBP Holds Interest Rate Flat
In order to support Poland´s economy, the Council of Polish National Bank has decided to keep the base rate at its historic low.
October 3, 2013
Modest Increase in Croatian Purchase Power
Croatian per capita consumer spending is forecast to increase by a modest 18% to 2017.
October 1, 2013
Poland´s Budget Gap Narrows
The Polish government has approved the final budget draft for 2014.
October 1, 2013
Eurozone: Inflation Drops to 1.1 Percent
According to first estimates by Eurostat, the Eurozone shows the lowest inflation rate in more than a year. Only twelve months ago the inflation rate was at 2.7 percent.
September 30, 2013
Romania Cuts Base Rate to Record Low
The Romanian Central Bank has cut the base rate to a record low of 4.25 percent.
September 30, 2013
Poland: Budget for 2014 Realistic
According to Witold Kozinski, Deputy Govenor of the National Bank of Poland (NBP), the budget plan for 2014 is “realistic” and the risk of amendmends to the budget minimal.
September 23, 2013
Eurozone: Moderate Decrease of Inflation
Euro area inflation was 1.3% in August, down from 1.6% in July
September 17, 2013
Austria: Inflation Rate on Lowest Level in Three Year
In August, food became significantly more expensive while the prices for fuel decreased 4.7 percent. The inflation rate dropped 1.8 percent.
September 16, 2013
Bulgaria: Annual Inflation of 2.9 Percent
Bulgaria's annual average inflation was 2.9 percent on a year-on-year comparison.
September 13, 2013
IMF: Praise and Criticism for Austria
According to the IMF´s country report, Austria´s main problem is the fiscal situation.
September 11, 2013
Poland: Government Gives Green Light to Budget Draft
The Polish Government has approved the budget plan for 2014 with the deficit gap closing further after a refurbishment of the private pension system.
September 9, 2013
Czech Republic: Monetary Policy to Loosen Further
According to the member of CNB (Czech National Bank) Lubomir Lizal, the country needs further monetary policy steps. CNB is considering starting currency interventions.
September 3, 2013
Russia: Stable Outlook, Lower Growth Rates
The rating agency Fitch reiterates the “BBB” rating for Russia. The outlook remains stable. However, Russia´s GDP forecast had to be lowered.
August 17, 2013
Austria: Minor Decrease of Inflation Rate
Slight easening of inflation in Austria: Thanks to cheaper fuels and a lower upward trend in prices for food, the inflation rate in Austria decreased from 2.2 percent to 2.0 percent in July.
August 16, 2013
Romania: GDP Slowed Down in Second Quarter 2013
Romania: GDP slowed down in Q2, as expected by RBI.
August 16, 2013
Romania: Positive Inflation Development
Inflation dynamics in Romania surprised on the positive side in July.
August 13, 2013
Romania: Significant Drop in Purchase Power
General consumption climate is unfavorable in Europe at the moment.
August 12, 2013
Romania: Good Prospects for Economic Upturn
In Romania, the inflation forecast for 2013 and for 2014 has been lowered to 3.1 percent which is 0.1 percent less compared to previous figures.
August 9, 2013
Eurozone: Inflation Remains Stable
Flash estimates show the Euro area annual inflation is stable at 1.6 percent.
August 1, 2013
Czech Republic: Unwilling to Join Eurozone?
In 2012, the country missed two out of four criteria for the introduction of the single currency. According to the statistical office it was the worst result in five years. It is not yet clear when the Czech Republic is ready to join the Eurozone.
July 31, 2013
Austria: Economists Predict Rosy Days
The Austrian economy will be growing by 1.7 percent on an annual basis and is developing much better than the rest of the Eurozone, the Austrian Institute for Higher Studies (IHS) predicts.
July 24, 2013
Russia: Inflation on the Rise
In the first six months of 2013, the inflation rate came at 3.5%. Compared to the reference period of 2012, the inflation rate was up by 0.4 percentage points.
July 23, 2013
Hungarian Central Bank Cuts Base Rate Again
At its meeting on 23 July 2013, the Monetary Council reviewed the latest economic and financial developments and voted to reduce the central bank base rate by 25 basis points from 4.25% to 4.00%, with effect from 24 July 2013.
July 23, 2013
EU: Highest Inflation in Romania, lowest in Poland
Euro area annual inflation up to 1.6%. In the EU, the inflation was up to 1.7%
July 17, 2013
Austria: Most Risks Do not Come from Eurozone
The greatest risks threatening a continued economic recovery in Austria currently stem from the global economic trend and, to a lesser extent, from the Eurozone, Ban Austria reports.
July 17, 2013
Austrian Economy Dependent on Neighbor Countries
Austria’s economy is getting through the crisis better than the Eurozone. However, the country owes this partly to neighboring countries.
July 11, 2013
Russian Car Market to Get New Lift
The number of sales of new cars in Russia has declined 11 percent. This is the fourth month in a row showing declines, according to the figures of the Accociation of European Businesses (AEB).
July 10, 2013
CESEE: GDP Growth in 2013 Weakest Since 2009
CESEE financial markets influenced by global liquidity debate.
July 4, 2013
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