Sharp drop in inflation equals lower rates |
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The outlook for growth in Central and Eastern Europe has deteriorated significantly over the past month and it now seems that sequential GDP growth is likely in Q4 in most CEE economies. Furthermore, commodity prices continue to fall. Both factors should contribute to easing inflationary pressures in CEE significantly across the region. This week the Czech central bank slowed the way and cut its key policy rate by 75bp to 2.75%. This and the sharp deterioration of the growth outlook in the
Filed under: Fundamental
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