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Monetary Council keeps base rate on hold at 13.00%.
Slowdown in inflation continues for the fourth month in a row after price hikes in 2022.
Lira has broken through 19 threshold in pre-election environment. With Erdogan heading for defeat, cautious markets will watch out for his next move.
Inflation in Belarus has fallen, but that has less to do with central bank policy and more to do with the fact that the government has fixed prices.
Inflation is currently expected to begin easing – albeit very slowly – from March on, although the average inflation in 2023 appears certain to remain in double digits.
Analysts predict the CPI to embark on an extended descent that might see the index down at around 10% y/y at the end of the year.
Like the National Bank of Poland, we expect a big drop in CPI inflation by the end of 2023 (see table), but we see a lot of risks hindering inflation from reaching the target in subsequent years. There is little chance for rate cuts this year.
Inflation peaked in late 2022, and is projected to return to the target within the first half of 2024.
The slowdown in inflation started in November and consumer prices are expected to ease further during the year.
Inflation slowed in Bosnia for the fourth month in a row.
Annual CPI inflation retreated to 8.1% in February from a 9.4% inflation rate the previous month, Galt & Taggart reports.
Inflation research group ENAG records alternative figure of 127%.
President was already arranging another cut before country was struck by earthquake disaster.
Inflation is still at a high level but is expected to continue to slow in 2023.
The surge in energy prices has significantly lifted headline inflation rates in the UK and Eurozone through the direct impact on household energy bills. However, there is a time lag to the feed through to consumer inflation.
Consumer prices in Hungary rose 25.7% year-on-year in January, accelerating from a 24.5% growth in December.
Analysts expect the NBP will announce an official end to the tightening cycle at its March meeting.
Istanbul's ENAG inflation research group calculates inflation was 122%.
Alas, prepare for a pre-election ‘Erdoganomic’ cycle.