Inflation and Serbia’s central bank

Inflation data will be published in several CEE countries. Hungary and Romania will show Mays inflation for the first time, while in other countries, flash estimates had been released already. Serbias central bank will hold a rate setting meeting on Thursday. The performance of industry in April will be reported in Slovenia, Slovakia and Romania. Trade data is due in Romania and Poland. Finally, Slovakia will publish wage growth in industry and Croatia will release producer prices. As far as other events are concerned, we expect to know who the next prime minister of Romania is, as time is running out to present a credible fiscal consolidation plan. On Wednesday, confidence vote will take place in Poland and we recognize the risks associated with it. On Friday, after market close, Moodys is expected to review the outlook of Slovakia.