Czech inflation to have stayed above CNB’s target in January, Hungarian GPP likely grew above 4pct in Q4

The Czech consumer price inflation is unlikely to have deviated much from the earlier values in January. According to a KBC Market Research report, the headline inflation is expected to have stayed above the Czech National Bank’s target, which would be aided mainly by the most rapidly rising costs of housing.

Inflation might reflect both record real estate prices and the increasing market rents that are just reacting to them over time. The Czech National Bank anticipates that the year-on-year inflation would drop to just 2.3 percent and might stay above the 2 percent level for the remainder of the year.

Meanwhile, the Hungarian economy continues to perform strongly, with GDP growth in the last quarter in 2017 likely recording solid growth based on the available figures. Therefore, the Hungarian economy is expected to have expanded above 4 percent in the December quarter of 2017 and is likely to be followed by roughly similar growth rate in the first quarter of 2018, stated KBC Market Research.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest