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Political meddling in monetary policy raises risks

Location:

INTERNATIONAL

Politicisation of central banking.

UK inflation dilemma will challenge policy and markets

Location:

UNITED KINGDOM

The UK economy has struggled more than its EU and North American counterparts since the pandemic, and the Bank of England (BoE) has been criticised for initially underplaying the…

Low monetary credibility keeps strain on Turkish lira

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TURKEY

The recovery from the record low of 4.93 on May 23 may reflect officials’ efforts to counteract President Recep Tayyip Erdogan’s disastrous interventions in Turkey’s economic…

Political pressure on Turkey's Central Bank will go on

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TURKEY

The CBRT is expected to respond at its regular monthly interest rate-setting meeting to the fall in inflation in January to 7.2%. However, while the nearly 50% slide in oil…

Prospects for Central-Eastern Europe in 2018

Location:

PROSPECTS 2018

Prospects for Central-Eastern Europe in 2018.

Algeria's central bank will press ahead with reforms

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ALGERIA

The initiative follows the passage of a new monetary and banking law in June that enhanced the central bank’s independence, which included authorisation for it to introduce…

Sanctions will reinforce Iran’s money supply woes

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IRAN

Inflation has to a great extent been driven by a depreciation of the rial following Washington’s decision to reimpose sanctions, yet deep structural flaws in the banking sector…

UK voters will ignore budget and elect hung parliament

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UNITED KINGDOM

The budget will prove to be all but the last political event before the final campaign and the May 7 general election. Although the detail had to be determined in cooperation with…

Markets are downplaying PiS election risks in Poland

Location:

POLAND

Despite PiS's costly spending pledges, its nationalist and populist views and its strong support for a controversial, Hungarian-style debt-relief scheme for holders of foreign…

Poland's new NBP governor may bring gradual change

Location:

POLAND

Poland faces an uncertain second quarter, the economy having slowed to its lowest point since late 2012. Questions are being raised over the outlook for interest rates under new…