Next week, the Hungarian and Polish central banks will decide on rates. After the surprising move by the Czech national bank this week (a 25bp cut to 1%), there is little reason for another surprise. Hungary's central bank is likely to continue in monetary easing (we bet on a 25bp cut), while the Polish central bank should keep rates unchanged.
Question of the week
What do you think is the question of the year for 2010?
Croatia: Central bank announces possibility of easing monetary stance
Czech Republic: Central bank in surprise rate cut
Hungary: Last rate setting meeting of year in focus next week
Poland: Last MPC meeting of 2009 should not bring any surprises
Romania: Romania may receive next tranche from IMF in February
Ukraine: Industrial production declined slightly