Report
Alessio Chiesa ...
  • Raffaella Tenconi

EME Macro/Strategy: macro all-in-one (3-9 July)

The Polish elections are fast approaching and, in this weekly, we make an attempt to scratch beneath the surface and assess the key policy implications, subject to the outcome. We also present the essence of our interaction with investors on the outlook for Georgia and Turkey. We are hosting a webinar with a senior official from the Central Bank of Georgia, Shalva Mkhatrishvili, on 12 July. In other news, the central banks in Romania, Poland and Kazakhstan have kept the policy rates unchanged, but the back-to-back surprises on inflation in Poland have been tempting for the MPC, and President Glapinksi has tacitly signalled a September rate cut. Expected fiscal revenue has started to materialise in the Czech Republic, which will further dent the possibility of further rate increases from the CNB.
Provider
Wood and Company
Wood and Company

WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.

A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.

Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.

We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.

Analysts
Alessio Chiesa

Raffaella Tenconi

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