Monetary policy in CEE countries loosened up noticeably toward end of 2008 and beginning of 2009 in the face of sharply slowing economies and easing inflation. Policymakers started to rethink monetary easing given the dramatic currency declines across the region in the beginning of 2009. However, tentative improvement in risk appetites since March has opened the door to further rate cuts.
The Czech Republic, Hungary, Poland and Romania all have flexible exchange rates and independent monetary policy. In Slovakia and Slovenia, which are members of the eurozone, the European Central Bank sets monetary policy.
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Jul 02, 2009
Emerging Europe Central Banks Have Room to Cut Rates, KBC Says
Jun 26, 2009
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Jun 11, 2009
Hungary and Poland trip notes: Role reversal
May 07, 2009
Czech c.bank cuts rates by 25 bps to 1.50 pct
Apr 29, 2009
Polish Central Bank Leaves Benchmark Rate at 3.75%
Magyar Nemzeti Bank (Central Bank of Hungary)
Apr 20, 2009
Hungary central bank base rate unchanged at 9.50%
Mar 20, 2009
East European Rates Head to Record Lows as Central Banks Ignore Currencies
Feb 18, 2009
Fall in eastern Europe currencies prompts policy rethink
Citigroup Global Markets
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Feb 06, 2009
Poland: Weakening zloty shifts bond yields up; Hungary: Forint hitting record low; Czech Republic: Faces disappearing inflation; Russia: Fitch downgrades rating
Dec 08, 2008
Euro Dreams Fade for Zloty, Forint, Koruna on Slump
Institute of International Finance
Regional Overview: Emerging Europe