MNI CEEMEA Week Ahead: CNB Rate Decision, South Africa CPI

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Click the link above to see next week’s key CEEMEA data releases and events, including notable option expiries and bond auctions, along with our latest macro insights.

• South Africa’s headline CPI may have eased closer to the SARB’s +3% Y/Y target in February, as a further drop in fuel prices offered some relief. However, the outbreak of the Iran war reduces the relevance of the data, with the spike in the prices of energy carriers expected to show in the data in the coming months.
• The Czech National Bank is widely expected to keep the two-week repo rate unchanged at 3.50%, after several Bank Board members urged caution in addressing the fallout from the Iran war.
• In Russia, most analysts expect the CBR to lower its key interest rate by 50bps to 15%, despite the uncertainty caused by the conflict in the Middle East. Weekly inflation data look relatively benign and confirm that the January price surge due to tax hikes was temporary.