Croatia’s GDP, central bank in Hungary

This week, the Hungarian central bank holds a rate-setting meeting and we expect no change in the policy rate. The inflation rate in January increased and, in combination with the EURHUF being above 400, leaves little space for monetary easing at this or upcoming meetings. Further, Croatia will publish 4Q24 GDP data together with the structure. Croatia is the only country that has not yet released its economic performance for 2024. In Czechia and Serbia, we already know the flash 4Q24 GDP estimates, and this week we get to know the structure of the growth. Apart from GDP data, Serbia will publish industrial output and retail sales growth in January. Poland and Slovenia are also scheduled to release retail sector performance at the beginning of the year. Further, Slovenia will release a flash estimate of February’s inflation. As far as price development is concerned, producer prices will be released in several CEE countries. Finally, labor market data is due in Hungary and Poland (unemployment rate) as well as in Serbia (wage growth).