CEE Weekly Interest Rate Analysis: Week of February 25th, 2019 – March 1st, 2019

By : The Quinnipiac Economics Research Team, Bryan Doherty

Source: Eurostat and own calculations

The trend for the week of February 25th – March 1st was mixed. Among the interest rates of the central European countries, Slovakia had the greatest increase with a 6.49% change. Poland posted the second highest increase in their interest rates with a 4.03% change. Hungary’s interest rates increased as well, although miniscule compared to that of Slovakia and Poland. Czechia and Romania all both saw a decrease in their interest rates, with nearly an identical slope throughout the week in the graph above.

Historic Rates

Source: Eurostat and own calculations. Currencies are each local currency per Euro. The center line is a rolling three-month average. The upper and lower boundaries are the average plus and minus one standard deviation for the same three-month period.

THE DATA: Interest Rates by Country

Source: Eurostat and author’s own calculations.

An intriguing country to watch this upcoming week is Romania. With the recent implementation of a new tax package it will be interesting to follow the how the interest rates will be set in order to try and stimulate other sections of the economy.