Russia’s CBR maintains key rate at 16%
16 minutes ago
Bulgaria’s consumer prices increased by 6% y/y in October, beating the nine-year peak reached a month ago when CPI grew by 4.8% y/y. The consumer price index (CPI) moved up 5.4% compared to December and by 1.8% month on month, the National Statistical Institute (NSI) said on November 15.
Food prices increased by 5.9% y/y in October, after rising by 4.4% y/y in September. Annual consumer price inflation was more significant in transport (up 19.7% y/y), housing (up 9% y/y), arts and entertainment (up 6.9% y/y) and alcoholic beverages and tobacco (up 5.9% y/y).
Compared to the previous month, clothing prices increased the most, by 8.3%, while prices of communications and education dropped by 0.2% each.
The Harmonised Index of Consumer Prices (HICP) increased 5.2% y/y in October, after rising 4% y/y in September. The HICP was up 1.3% m/m in October.
The IMF has projected that consumer price inflation will reach 1.6% in 2021 and 2022.
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Russia’s CBR maintains key rate at 16%
The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 16% at the policy meeting on April 26, making a third meeting in a row that the rate is maintained flat.
NBU cuts rates 100bp to 13.5% on falling inflation
The National Bank of Ukraine (NBU) lowered the key policy rate by 100bp to 13.5% on April 25 and improved its inflation forecast as price pressure ease.
Turkey keeps policy rate constant at 50%
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
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Slovak unemployment inched further down to 3.88% in March
There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.
Poland’s industrial production disappoints in March as output declines 6% y/y
Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.
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