While Czechia’s central bank cut the policy rate by 25 basis points to 4.0%, Serbian central bank kept policy rate unchanged at 5.75%.
On theradar On Thursday, the FOMC, the interest-rate-setting committee of the US Federal Reserve, lowered the key interest rates by 25 basis points. Producer prices in Serbia grew by 0.4% y/y in October. Industrial output in Slovakia rose by 2.5% y/y in September. The unemployment rate in Czechia arrived at 3.8%. Today, Romanian central bank will hold a rate setting decision. We expect no change. Economic developments Central banks in the region are mostly done with interest rate cuts this year.
moved down to 25.25, EURHUF returned to 404, while EURPLN is at 4.31. All in all, the Hungarian forint and the Polish zloty strengthened around 1% against the euro since the beginning of the week. The long-term yields moved down across the region. Download The Full CEE Macro Daily
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