Ford drives hike in car production in Romania
1 day ago
Poland’s core inflation, which measures price growth without food and energy, fell 0.2pp to 3.7% y/y in February, the National Bank of Poland (NBP) said on March 15.
The still-elevated level of core inflation owes much to non-market factors like increases in taxes, or administrative fees. “Generally, inflation in Poland has been in a downward trend for several months and this is expected to continue later this year,” Santander Bank Polska wrote.
ING offers a slightly different outlook. “The index might continue deceleration, it will only do so to a moderate extent. On the one hand, the lagged effects of the recession will work, but on the other hand, we see price pressures in global supply chains,” the Dutch bank said.
With headline CPI also easing to 2.4% y/y in February, the lower reading of the core index all but affirms that a period of stability in Poland’s monetary policy is ahead.
The National Bank of Poland slashed rates three times last year to an all-time low of 0.1%. That is expected to remain the case until mid-2022, which is when the term of the central bank’s governor Adam Glapinski expires.
Chances for the rates to change either way are next to none, Glapinski said this week.
Analysts expect CPI at around 3% in 2021. The central bank’s inflation target is 2.5%.
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
2 days ago
-
Remittances come to the rescue of Lebanon’s battered economy
23 hours ago
-
COMMENT: Armenia's decisive turn towards the West
1 day ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
1 day ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
2 days ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
9 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
6 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
20 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
24 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
29 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
22 days ago