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Hungarian forint is increasingly vulnerable to attack

Location:

CENTRAL EUROPE

Central banks’ policy dilemmas.

Hungary’s monetary stance may weaken forint further

Location:

HUNGARY

Hungary’s financial and economic woes are deepening amid a second wave of COVID-19 infections, which is undermining business and consumer confidence, and threatening to derail the…

Weaker ruble will add to inflationary pressures

Location:

RUSSIA

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…

Political pressure on Turkey's Central Bank will go on

Location:

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…

Inflation in Eastern Europe will slow monetary easing

Location:

EASTERN EUROPE

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…

Reflation trade benefits Central Europe’s currencies

Location:

CENTRAL EUROPE

The outlook for the koruna, forint, zloty and leu.

Argentina currency crisis highlights policy vacuum

Location:

ARGENTINA

In recent days a severe currency run drove a 12.2% depreciation of the peso and an estimated fall of nearly 5 billion dollars in international reserves (8% of that stock). 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…

Sterling on a slippery and unknown slope to Brexit

Location:

UNITED KINGDOM

The recent fall in the pound.

Prospects for the global economy in the second quarter

Location:

PROSPECTS Q2 2015

Prospects for the global economy in the second quarter.