Monetary easing to begin in Poland

There are three central bank meetings scheduled this week, in Poland, Czechia and Serbia. Poland is expected to begin with monetary easing and the only question is by how much the National Bank of Poland will lower the key interest rate. In Czechia, on the other hand, the monetary easing cycle is coming to an end, and the central bank will decide between a cut and keeping interest rates stable. In Serbia, stability of rates is broadly expected. Other than that, there are quite a few releases scheduled. The inflation rate in April will be released in Czechia and Hungary. Further, retail sales growth in March will be released in Hungary, Slovakia and Romania, as well as the performance of industry in Czechia, Hungary, Slovakia and Slovenia. Trade data is due in Slovenia, Czechia and Slovakia, as well as producer prices in Romania, Serbia and Croatia. Finally, on Friday after the market closes, Moody’s will publish its rating decision on Croatia, while S&P will decide on Poland. For both countries, no change is expected.