CEE Interest Rate Report for August 27 – September 8
By: The Quinnipiac University Economics Research Team, Michael Szwaja
Massive interest rate movement in Slovakia distorts the graph for the remaining Central European countries here. Slovakia showed substantial movement with a steep decline leading into an abrupt spike on September 1st. Czech, Hungary, and Poland experienced steady increases of their respective rates. Romania was the only CEE county to see a decrease, with its interest rates falling approximately 7.5%.
All CEE countries remained fairly steady over the two-week period with relatively small fluctuations. Czech stood out by being considerably more than one standard deviation higher than its three-month average while Romania was the only country whose interest rate dipped below its rolling average. Hungary and Poland are both nearly one standard deviation higher than their respective three-month averages. Conversely, the interest rates of Slovakia fell nearly one standard deviation below their three-month averages. All countries saw their most significant changes occur during the middle of the period and were pretty flat over the last few days.