CEE & CCA Week Ahead

Latest edition · October 2, 2026

ING Think cee cca week ahead polish rate decision and inflation data from hungary and turkey

ING previews key economic releases across Central and Eastern Europe, expecting the National Bank of Poland to hold rates at 3.75% while September inflation accelerates in Hungary and the Czech Republic but declines to 30.0% in Turkey.

The upcoming week across CEE and CCA is highlighted by monetary policy decisions and September inflation data. Poland's NBP is expected to keep its policy rate steady at 3.75% because the rise in headline CPI to 4.0% YoY is driven primarily by external energy costs rather than broad domestic pressures, though 50bp in hikes remains possible in early 2027. Meanwhile, September headline inflation is projected to pick up in Hungary and the Czech Republic due to energy and fuel prices, while Turkey's annual CPI is forecast to decline to 30.0% from 31.5% on favorable base effects.

Key takeaways from the latest edition

• 1.The National Bank of Poland is expected to maintain its reference rate at 3.75%, delaying potential tightening debate until November's staff projections.
• 2.Hungary's headline inflation is expected to accelerate significantly due to fuel costs and HUF depreciation, potentially lifting full-year 2026 inflation to 1.8-1.9%.
• 3.Czech September inflation is expected to jump on higher energy and fuel prices, while August activity data points to steady industrial output and real retail sales growth.

What this series covers

• Poland: NBP expected to leave rates unchanged
• Hungary: Higher fuel prices set to push inflation up
• Czech Republic: Inflation set to jump on higher energy prices
• Turkey: Annual inflation expected to fall further
• Key events in CEE & CCA next week

Edition archive

• ING Think cee cca week ahead polish rate decision and inflation data from hungary and turkey

  October 2, 2026

• ING Think cee cca week ahead inflation data from poland and kazakhstan and czech gdp details

  September 25, 2026

• ING Think cee cca week ahead polish inflation data and central bank decisions

  September 11, 2026

• ING Think cee cca week ahead 040926

  September 4, 2026

• ING Think cee cca week ahead kazakhstan rate decision and gdp and inflation data across poland hungary and turkey

  August 28, 2026