Inflation

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

Austria: WIFO and IHS to Adjust Growth Perspectives Downwards

Experts at the Austrian Institute for Economic Research (WIFO) and the Institute for Higher Studies (HIS) have significantly cut their prognoses for the growth of domestic economy in 2013. However, both institutes are still optimistic for 2014.

June 28, 2013

Poland: Base Rate Down to Record Low

Poland’s Monetary Council has cut the base rate to 2.75 percent.

June 6, 2013

Latvia: Euro to Be Introduced 2014

Latvia will be able introduce the Euro on January 1 2014. According to diplomats, this is what the EU Commission will recommend on Wednesday in Brussels.

June 4, 2013

Czech Repubic to Restrict Budget Cuts

To boost domestic economy, the Finance Ministry announced to temporarily restrict budget cuts.

May 31, 2013

Maria Fekter: Hot-Tempered Lady At the Fireplace

Raiffeisen Centralbank (RZB) organized a „fireplace chat“ with Finance Minister Maria Fekter which took place on May 7 in Vienna.

May 8, 2013

Commission: European Economy to Stabilize in First Half of 2013

The economy is projected to return to growth in the second half of 2013. However, annual GDP is forecast to contract by 0.1% in the EU and 0.4% in the eurozone.

May 7, 2013

Czech Republic to Improve EU Relations?

Visits from high EU officials should herald the start of a new era in the relation between the Czech Republic and the EU.

May 3, 2013

Eurozone: Inflation Decreased Slightly

Euro area annual inflation down to 1.2%

April 30, 2013

Hungary: MNB Cuts Interest Rate by 0.25 %

The Central Bank of Hungary (MNB) has cut interest rates by a quarter percentage point for the ninth month running.

April 23, 2013

Czech Republic: Finance Ministry Worsens Economic Outlook

In an updated macroeconomic forecast for the economic development, the Czech Finance Ministry deteriorated the country’s outlook.

April 16, 2013

EU: Inflation decreased by 1.7 %

Euro area annual inflation down to 1.7%

April 3, 2013

Russia: Refinancing Rate Expected to Be Cut

The Central Bank of Russia (CBR) estimates inflation risks higher than a slow economic growth. However, the refinancing rate is expected to be lowered soon.

April 3, 2013
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