MNI CEEMEA Week Ahead: NBH, CNB, CBR Rate Decisions

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Our CEEMEA week ahead document includes the major data releases, political events, bond auctions and option expiries scheduled across the region next week. Note that we have also updated this document to include the most pertinent macro developments over the past week.

• Rate decisions in Hungary, Czechia and Russia take focus, while CPI inflation data for November is due in South Africa.
• No change is expected from the NBH, but we have noted that the minutes from the previous meeting indicated potential for a dovish shift in language.
• In South Africa, headline inflation likely remained above the SARB’s new +3.0% Y/Y target but within the +/-1pp tolerance band, with core inflation expected to stay contained in the immediate vicinity of the point-target.