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2021/07/26 / Erste Group Research

While this week's calendar is packed with many important macroeconomic releases across the CEE region, the flash estimate of 2Q21 GDP growth in Czechia and the rate setting meeting in Hungary will likely be the key events. The Czech economy has been recovering since April, with domestic as well as foreign demand marking a rejuvenation. Given last year’s low base, this should translate to a brisk 9.8% y/y growth pace. Hungarian central bank meeting should bring another rate hike, as justified by the inflation and economic outlook. Yet, its magnitude is not known in advance – we anticipate the key rate to be raised by 15bp to 1.05%. However, a 20bp increase cannot be ruled out. Moreover, SEE economies will release real economy data for June.

General information

AuthorErste Group Research
Date2021/07/26
Languageen
Product nameVideo
Topic in focusFX, Macro/ Fixed income
Economy in focusCEE
Currency in focus-
Sector in focus-
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