3Things: Kara’s collapse, more inflation & chip pain

Published: 11. 05. 2021

Inflation is on the way in CEE, but it's Hungary and Poland that have economists at ING worried. In Poland, CPI broke through the 4% barrier, while May's figures in Hungary could extend beyond 5%. "Neither of the central banks is overly keen to react as they clearly prefer the growth factor over inflation," writes ING in a recent report. "While we expect the National Bank of Poland to get away with it and keep rates on hold (we only expect the first rate hike in H2 2022), we continue to look for the emergency rate . . .



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