By: The Quinnipiac University Economics Research Team, Kyle Del Balso
Release date: July 27, 2020
Massive interest rate movement in Slovakia distorts the graph for the remaining Central European countries here. All CEE rates ended the period with a rise in interest rates with the exception of Poland. The rate in Slovakia rose by nearly eighty percent to end the two week period. Czech’s rate rose by much less than Slovakia’s but still showed significant movement. Hungary and Romania saw slight increases with Hungary edging out Romania. Poland’s rate finished with a decrease in its interest rates albeit by a small percentage.
Slovakia’s interest rate remained negative and ended more than one standard deviation below its three month average. Czech and Romania stayed relatively constant having both finished with slight increases that pushed them within one standard deviation of their respective three month averages. Poland is floating within its historical range but on the low end of it. Hungary veers from this trend as it is the only country whose interest rate is above its three month average. Interest rates have continued to stay low in Central Europe so Hungary may be due for a regression or other countries for a rate hike in the near future.