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SNB move will accentuate bond-equity divergence

Location:

INTERNATIONAL

The move mainly aims to pre-empt the widely anticipated launch of a sovereign quantitative easing (QE) programme by the ECB on January 22. However, it will accentuate divergences…

Central European local investors will hold on to bonds

Location:

CENTRAL EUROPE

The lira’s collapse is fuelling outflows from Turkey’s local currency government debt market, as foreign investors reduce their purchases of emerging market (EM) domestic debt…

Central Europe may cut rates despite high inflation

Location:

EASTERN EUROPE

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…

Hungary's return to investment grade is likely in 2016

Location:

HUNGARY

Moody's, another agency which also rates Hungary one notch below investment grade, has just raised its outlook on Hungary's rating to 'positive' from 'stable'. Hungary's…

Risks will outweigh recovery chances in Eastern Europe

Location:

EASTERN EUROPE

The economic environment has been dictated by Russia’s war in Ukraine and its market and policy implications. Next year, the prospects for the V4 economies are moderately upbeat…

Central European monetary policy may stay ultra-loose

Location:

CENTRAL EUROPE

Financial markets in Central Europe (CE) are closely correlated with those in the core of the euro-area and their central banks are the most dovish in emerging markets (EMs)…

Market nerves roil Turkey and Central Europe

Location:

EUROPE

Markets have taken badly the Fed's more hawkish policy guidance for 2017, not expecting such a shift in monetary policy so soon. The shift in US monetary policy comes just as the…

Markets will be wary of Hungary despite rate rise

Location:

EASTERN EUROPE

Although the MNB has struck a more hawkish tone and has raised rates more sharply than expected -- the latest increase is the largest since 2008 -- it has a track record of…

Polish banks to stay stable despite Swiss-franc ruling

Location:

POLAND

Banks had hoped to share with borrowers the at-least USD5bn cost of making provision for Swiss franc mortgages. These mortgages were common prior to 2008, due to low interest…

Central-East European banks will weather COVID-19 hit

Location:

EUROPE

Lockdowns to contain the spread of COVID-19 have slowed economic activity. Throughout Central, Eastern and South-eastern Europe (CESEE), there were major portfolio outflows in…