Report published August 28, 2026
CEE & CCA Week Ahead: Kazakhstan Rate Decision, Polish GDP, and Regional Outlook
Source and citation context
- Issuer
- ING
- Report date
- August 28, 2026
- Analysis as of
- Not stated in source
Authors / editors: Adam Antoniak (Senior Economist, Poland), Peter Virovacz (Chief Economist, Hungary), Muhammet Mercan (Chief Economist, Turkey), Dmitry Dolgin (Chief Economist, CIS)
Finvaulta summarizes ING's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
ING previews the upcoming week in CEE & CCA, highlighting Poland's 2Q26 GDP and August CPI, Hungary's 2Q GDP details and July retail sales, Turkey's 2Q GDP and August CPI, and an expected 25bp rate cut by the National Bank of Kazakhstan.
Key Takeaways
- 1.Poland's flash 2Q26 GDP growth is expected to be confirmed at 3.8% YoY, supported by accelerating fixed investment (8.5% YoY) while private consumption moderated to 3.0% YoY.
- 2.Kazakhstan's central bank is anticipated to cut its base rate by 25bp to 16.50% on September 4, provided August CPI drops into single digits.
- 3.Hungary's detailed 2Q26 GDP is expected to confirm a 1.7% YoY rate, dragged down by agriculture, construction, and weak investment activity.
Table of Contents
- Poland: Investment expected to support second-quarter growth
- Hungary: GDP details to shed light on second-quarter disappointment
- Turkey: GDP and inflation releases to provide fresh read on activity
- CIS: Kazakhstan rate cut hinges on inflation slowdown
- Key events in CEE & CCA next week
- Author
- Disclaimer
Report data
Key events in CEE & CCA next week
| Metric | Estimate | Context |
|---|---|---|
| Poland 2Q26 GDP YoY (flash confirmation) | 3.8% | Expected flash confirmation of Poland's 2Q26 GDP growth |
| Poland Fixed Investment Growth YoY | 8.5% | Rebound from 2.4% YoY in 1Q26 supported by EU funds and corporate outlays |
| Poland CPI YoY | 3.1% | Forecast prelim inflation inching up from 3.0% in July |
| Kazakhstan Central Bank Base Rate | 16.50% | Expected 25bp cut from 16.75% contingent on single-digit CPI |
| Turkey CPI YoY | 31.2% | Forecast inflation easing from 31.8% YoY in July |
Reports in this series
CEE & CCA Week Ahead is shown in chronological order through this edition, published on August 28, 2026.
Looking for the latest edition? ING Think cee cca week ahead 040926 (Sep 4, 2026)
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Authors / Editors
Reported Data Context
- Poland 2Q26 GDP YoY (flash confirmation): 3.8 % (2Q26) · Source: Statistics Poland / Refinitiv / ING
- Poland Fixed Investment Growth YoY: 8.5 % (2Q26) · Source: ING
- Poland CPI YoY: 3.1 % (2026-08) · Source: ING
- Kazakhstan Central Bank Base Rate: 16.50 % (2026-09-04) · Source: ING
- Turkey CPI YoY: 31.2 % (2026-08) · Source: ING
Themes
Regions
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