Hungarian central bank to pause monetary easing
CEE Insights , 21. Okt.
Hungarian central bank to pause monetary easing
Hungarian central bank to pause monetary easing
This week in CEE
This week, the Hungarian central bank is the key event in the region. Although Hungary's inflation rate eased further in September, the Hungarian forint has weakened against the euro lately, supporting no change in the key policy rate scenario. Apart from Hungary, Poland will release important data. September's industrial output and retail sales growth will be published. Thus, Poland will have a complete set of monthly data for the third quarter. Finally, labor market data, such as the unemployment rate, will be released in Croatia, Poland, and Hungary. Wage growth will be released in Croatia and Serbia. On Friday S&P will decide on rating and outlook in Hungary and Slovakia. No change is expected.
FX market developments | |
Bond market developments | |
In case you missed
CEE: Some of the CEE countries managed to avoid recession. Labor market untouched by slowdown HR: Technical recession, but brighter outlook. We revise our growth forecast up to 1.0% in 2023. RO: Slow road to recovery for manufacturing. 4Q22 GDP in line with expectations. January inflation surprised to downside SK: Change of price lists in services. Labour market still on a positive trajectory with solid economic growth at the end of the year. Fitch affirmed Slovakia’s A with negative outlook. SI: 4Q22 GDP growth decelerating to 0.2% y/y