2024-01-09
Only hope remains when market distortions are even stronger
Market expectations of rapid disinflation remain, but underlying risks come from commodity costs, monetary supply, and trade protectionism.
Tag: inflation
2023-12-23
The fire looks smaller, but the ashes keep burning
The core inflation is persistently higher than headline, while expansionary fiscal policy increases the pressure and weaken the competitiveness.
2023-12-16
Real growth need focus and free markets, not smoke
The current decline in Estonia’s exports is more a reflection of the weakness in foreign markets and the problems with competitiveness.
2023-11-28
Poland under scrutiny: money value and elections at stake
CEE inflation remains markedly higher than in the West, and is unlikely to get back on track till late-2025.
2023-11-18
Despite growth bouncing back, the core of inflation remains
GDP growth to be close to 2% YoY in 4Q23 and around 0.4% for the whole year, but the level of core prices stands still (8%).
2023-11-04
Election the game changer: from waste to wealth?
The transparency in public finance is key for better controlling public spending: with 5.5-6% of GDP Warsaw has the highest deficit in the EU.
2023-10-24
Digital euro is on the way: trick or treat?
CBDC aren’t necessary, digitalization and ease are already here. What’s missing is a competitive free market transmission mechanism.
2023-10-21
Hope dies last, but doesn’t clear the dark clouds
Despite the decline in manufacturing, ING sees encouraging signs. However, wage growth leaves no space for doubt: the double-digit core inflation will stay.
2023-10-07
Despite the narrative, you can’t fight fire with fire
Thanks to the combination of fiscal and monetary intervention, the structural problems on the supply side will only be exacerbated by monetary tightening.
2023-09-30
Despite politics’ focus on demand, no growth no party
The core inflation is expected to remain elevated due to the non-competitive wage growth affecting both demand and costs in the price-setting process.