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1 – 10 of 172The NBP is not cutting interest rates further partly because of tensions with Prime Minister Donald Tusk’s pro-EU government, following the defeat of the nationalist Law and…
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DOI: 10.1108/OXAN-DB285741
ISSN: 2633-304X
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However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…
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DOI: 10.1108/OXAN-DB285374
ISSN: 2633-304X
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The unexpected decision adds significant momentum to Central Europe’s monetary easing campaign, which began in May when Hungary’s National Bank (MNB) reduced its benchmark rate…
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DOI: 10.1108/OXAN-DB282310
ISSN: 2633-304X
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The size of the rate hike attests to the CBR’s determination to tame domestic price rises at all costs, even though this is likely to restrict credit growth and dampen output. The…
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DOI: 10.1108/OXAN-DB281638
ISSN: 2633-304X
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The limited rate hike (annual core inflation is running at 47%) has undermined foreign investors’ hopes that President Recep Tayyip Erdogan’s new economic team would be free to…
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DOI: 10.1108/OXAN-DB280020
ISSN: 2633-304X
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The government has continued to absorb banks’ liquidity to close the fiscal deficit, with most private investors reluctant to finance the Treasury. The decline in demand for…
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DOI: 10.1108/OXAN-DB280606
ISSN: 2633-304X
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This perception can only increase. Essentially, the question is whether Ukraine will be able to make sufficient military gains in order to avoid having to fight -- with all the…
The federal budget deficit target for 2023, set at RUB2.9tn (USD35.8bn), is likely to be exceeded for the second year in a row. Federal expenditure is showing no signs of slowing…
Lower wholesale natural gas prices have improved balance-of-payments and fiscal positions and driven down inflation rates in Central Europe (CE). Financial markets are pricing in…
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DOI: 10.1108/OXAN-DB276156
ISSN: 2633-304X
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TURKEY: Bank profitability will fall next year