Emerging Europe
Hungary / Economy
The National Bank of Hungary (NBH) held its policy rate at 8.50% for the second consecutive month at its monetary council meeting on July 21. According to a statement from Deputy NBH Governor Ferenc Karvalits, the council discussed all options for the base rate including cutting. This was a marked departure from the tightening bias reported from previous meetings in 2008. To...
2008-07-22Bosnia-Herzegovina / Economy
The macroeconomic challenges we highlighted in our last quarterly Emerging Europe sovereign risk ratings update have escalated further in the second quarter, with little sign of easing...
2008-07-17Ukraine / Economy
Having lost 47.9% of its value since January 1, Ukraine's PFTSI equity index has firmly broken through our 675 downside target, to at one point trade at 610 on July 17. We believe...
2008-07-17Analysis On Fixed Income, Fx & Equity Markets
Hungary
The National Bank of Hungary (NBH) held its policy rate at 8.50% for the second consecutive month at its monetary council meeting on July 21. According to a statement from Deputy...
2008-07-22Ukraine
Having lost 47.9% of its value since January 1, Ukraine's PFTSI equity index has firmly broken through our 675 downside target, to at one point trade at 610 on July 17. We believe...
2008-07-17Romania
Romania's benchmark equity index, the BETI, has broken through our short-term downside target of 5,600, at one point trading as low as 5,362 on July 16. Going forward, we see little...
2008-07-16Serbia
Serbia's benchmark equity index, the BELEX15, continues on its long-term, downward trajectory, which has been in play since October 2007. The index is now close to our short-term...
2008-07-14Bosnia-Herzegovina
The macroeconomic challenges we highlighted in our last quarterly Emerging Europe sovereign risk ratings update have escalated further in the second quarter, with little sign of easing...
2008-07-17Albania
BMI View: Long term, we believe that the external debt fundamentals of emerging Europe will continue to improve. Growth rates, although declining from 2007's highs, will be fair,...
2007-12-10Bosnia-Herzegovina
In our last quarterly sovereign risk appraisal in December, we titled the report 'As Good As It Gets?' and we feel that the events of Q107 have borne out this view. Our view throughout...
2007-03-16Bosnia-Herzegovina
Across our CEE sovereign risk universe one thing is for certain: it is going to be another year of very strong growth in the region. The only notable exception to the 4%+ growth rates...
2006-12-14Hungary
We believe that the Hungarian forint has further to go in its present bull run after gaining 13.5% against the euro since early March. Having broken through a key resistance level...
2008-07-10Bulgaria
We believe that although the risks to the continuity of Bulgaria's fixed exchange rate regime have elevated recently, the Bulgarian National Bank (BNB) is likely to maintain the lev's...
2008-07-03Romania
Having firmly broken through a key resistance level on April 4, the Romanian leu has continued to appreciate, at one point trading at RON3.6185/EUR on June 5. This reduces the unit's...
2008-06-05Russia
The recent decision by the Central Bank of Russia (CBR) to make daily interventions in the foreign exchange market to reduce rouble speculation suggests that a revaluation of the...
2008-05-23
