The surprisingly clear fall in US inflation made an impression on global markets last week. This week, the focus in CEE is on GDP and inflation figures, which of course are crucial data for the further interest rate path in this region!
Despite weak GDP data for Q3 (+1.1% yoy), and amid high inflation (Sept: 14%) the Executive Board of the National Bank of Serbia (NBS) decided to hike the benchmark rate by 50bp third time in a row, to 4.5%. |