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Turkey's central bank may tighten harder later

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TURKEY

This follows the decision by the Central Bank of the Republic of Turkey (CBRT) on August 18 to keep its three main interest rates on hold. Despite the CBRT also announcing a 'road…

Australian central bank's forecasting under review

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AUSTRALIA

The Labor government commissioned the review, the first of its kind for a generation, after the RBA failed to predict the speed with which inflation has risen since the pandemic…

Central Europe will ease interest rates cautiously

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EASTERN EUROPE

The MNB’s decision marks the first effective decrease in borrowing costs in Hungary in three years, firing the starting gun on looser monetary policy in Central European (CE…

Pakistan economy will be on surer footing

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PAKISTAN

The programme will resume once approved by the Fund’s Executive Board. The last tranche of the loan received to date was disbursed earlier this year, under then premier Imran…

Prospects for Pakistan in 2022

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PROSPECTS 2022

Separately, the recent Taliban takeover of Afghanistan was a strategic win, given the military-security establishment’s long-standing support for the group. The Taliban’s 'Haqqani…

Hungary will struggle to avert speculative attack

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HUNGARY

The attempt to bolster the forint with a hefty rate rise shows a severe loss of confidence in Hungary’s economy. The highest inflation rate since 1996, the energy shock from the…

COVID-19 crisis will raise EU-Central European tension

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EU

The economic impact of COVID-19 on Central Europe.

Poland's pension reform may undermine public finances

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POLAND

The zloty resumed a depreciating trend on July 4, following the announcement of radical pension reform by Development Minister Mateusz Morawiecki. A combination of investor…

Kazakhstan's economic prospects brighten

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KAZAKHSTAN

Kazakhstan's economy is coming out of a period of subdued growth. An improved external environment, increased oil production and the delayed impacts of past fiscal spending are…

Prospects for Europe in the second quarter

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PROSPECTS Q2 2015

Prospects for Europe in the second quarter.