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Key events in developed markets and EMEA next week
A quiet week ahead in the US features the ISM services employment component as the main data release to look out for. In the CEE region, we expect the National Bank of Poland to keep rates unchanged, while optimistic forecasts could see the Czech National Bank increasing the pace of its rate cuts to 50bp. In Turkey, inflation is likely to remain under pressure. The Federal Reserve has firmly pushed back against the chances of a March interest rate cut and the market now accepts our long held view that May will be the start point for the Fed’s policy easing cycle. Inflation is heading in the right direction, but the ... (full story)