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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CEE
- Serbia CPI inflation accelerated to 8.8% YoY in January (vs. 8.5% exp), up from 8.2% the previous month, currently standing at its highest level since June 2013.
- The 'positive' surprise was broadly expected as inflation continues to be mainly driven by the surge in food and energy prices globally.
- As a reminder, the NBS decided to leave its benchmark rate steady at 1% as expected for a 15th straight month at yesterday's meeting
- We have seen that the NBS has not followed its CEE peers in recent months, where central banks have been raising rates aggressively to curb inflationary pressures.
- The chart below shows the strong divergence between Serbian CPI inflation and the policy rate in the past year.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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