2022/06/27 / Erste Group Research |
Peek into June CPI and more hikes in Hungary |
The Hungarian National Bank is likely to announce further tightening on Tuesday. The increased difference between the policy rate and the effective one-week deposit rate could justify a bigger move – thus, we anticipate a 100bp hike to 6.9%. Thursday could bring another 30bp increase in the one-week deposit rate. Poland and Slovenia will be the first in the region to release their June inflation prints. Further acceleration of the year-on-year rates is likely – although the Slovenian CPI figure will likely still remain in the single-digits (around 8.5% y/y). Moreover, May PPI, retail sales and industrial production for some CEE economies will also be out this week. |
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Author | Erste Group Research |
Date | 2022/06/27 |
Product type | weekly / bi-weekly |
Product name | Video |
Topic in focus | FX, Macro/ Fixed income |
Language | ![]() |
Market cap | - |
Availability | All [1] |
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