Hungarian central bank to remain on hold

The Hungarian central bank is the key event this week and we expect no change in the key policy rate of 6.5%. October inflation went up to 3.2% y/y and the Hungarian forint has been weak lately. Other than that, it will be a rather light week in terms of data releases. In Czechia and Slovenia, producer prices will be released. Further, labor market data is due. In Slovakia and Croatia, the unemployment rate for October will be published. In Croatia, Hungary and Slovenia, wage growth will be released for September. Finally, Slovakia will publish current account data for September.