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2022/06/27 / Erste Group Research

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.

General information

AuthorErste Group Research
Product nameVideo
Topic in focusFX, Macro/ Fixed income
Economy in focusCroatia, Hungary, Poland, Serbia, Slovakia, Slovenia
Currency in focusCroatian Kuna, Euro, Hungarian Forint, Polish Zloty, Serbian dinar
Sector in focus-


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