Look for:

Our offer for

Research Detail

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
Product nameVideo
Topic in focusFX, Macro/ Fixed income
Economy in focusCEE
Currency in focus-
Sector in focus-


We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.


Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer