Russia’s CBR maintains key rate at 16%
1 day ago
Slovenia’s industrial production fell by 10.2% in December, following a 0.8% decrease in the previous month (chart), statistics office data indicated on February 9.
In 2023 industrial production declined by 5.3%.
Year on year, the industrial output was higher only in the mining and quarrying (by 7.4%), but it declined in the key manufacturing sector by 8.1% and in the electricity, gas, steam and air conditioning supply by 36.3%.
At a monthly level, the industrial production decreased by 7.5% in December, after increasing by 3.7% in November.
Additionally, the total turnover in the industry saw a 5.1% monthly decline, and a stronger 7.2% y/y drop in December.
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Data
Russia’s CBR maintains key rate at 16%
The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 16% at the policy meeting on April 26, making a third meeting in a row that the rate is maintained flat.
NBU cuts rates 100bp to 13.5% on falling inflation
The National Bank of Ukraine (NBU) lowered the key policy rate by 100bp to 13.5% on April 25 and improved its inflation forecast as price pressure ease.
Turkey keeps policy rate constant at 50%
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
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Slovak unemployment inched further down to 3.88% in March
There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.
Poland’s industrial production disappoints in March as output declines 6% y/y
Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.
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