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Inflation

Czech National Bank Not Intending Further Forex Interventions

According to Miroslav Singer, governor of the Czech National Bank, the authority is not planning on taking further measures at the forex market to weaken the Czech Crown (CZK).

November 21, 2013

Austria: Inflation at Lowest Level in Three Years

Inflation rate in Austria decreased to 1.4 percent.

November 15, 2013

ECB Still Has Further Tools

In spite of the most recent cut of the key rate by the European Central Bank (ECB) there is still some leeway downward. However, measures will affect the exchange rate of the common currency.

November 13, 2013

Czech Republic: CNB Concerned about Private Households

In regard to the most recent forex intervention, the Czech National Bank (CNB) has expressed concern about private households, which would be affected for a longer period since savings as well as income will drop.

November 13, 2013

Czech President Sceptical about CNB’s Forex Intervention

Czech President Zeman expressed his reservations about the Central Bank’s latest forex interventions.

November 12, 2013

Austria: Nowotny Rejects Mood of Opposition against ECB

Ewald Nowotny, governor of OeNB, rejects the idea of having been part of a protest group against the European Central Bank’s (ECB) most recent monetary measures by cutting the key rate to an all-time low.

November 12, 2013

Nowotny Against ECB’s Key Rate Cut

The governor of the Austrian National Bank has, according to reports, voted against the ECB’s most recent interventions.

November 11, 2013

Romanian Inflation Forecast Adjusted by NBR

The National Bank of Romania (NBR) has adjusted the inflation forecast downward for 2013 and 2014.

November 11, 2013

Interest Rate Cut: “Very Effective Property Tax“

Economists have judged the ECB’s cut in interest rate differently. According to Brezinschek, chief analyst at Raiffeisen International, savers that are not involved in speculative investments will not benefit from the latest key rate cut.

November 8, 2013

Serbia: Key Policy Rate Cut to 10 Percent

In its meeting on November 7, the NBS Executive Board voted to cut the key policy rate by half a percentage point, to 10 percent.

November 8, 2013

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
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