Page 78 - bne_April 2021_20210401

78 I New Europe in Numbers bne April 2021
Ukraine inflation vs monetary policy rates %
NBU raises key policy rate 50bp to 6.5%
Source: NBU
Poland: PMI v Industrial production, * = start of lockdown
BET-TR Index evolution in the past 12 months
The National Bank of Ukraine (NBU) reversed its easing policy and hiked rates for the first time since 2018 by 50bp to 6.5% at its monetary policy meeting on March 4.
The NBU has been slashing rates in
the last two years as it has been highly successful in taming inflation, which fell to a post-Soviet low of 1.7% in May 2020. However, more recently inflation started climbing again on the back of rising food prices and reached 6.1% this January.
Polish PMI rises to the highest point in nearly three years in February
Poland's Purchasing Managers' Index (PMI) added 1.5 points to 53.4 in February, reaching the highest point in 32 months, the economic research company IHS Markit reported on March 1.
The reading also keeps the index above the 50-point line separating contraction from growth for the eighth month straight. The index’s expansion strengthens the outlook for recovery in Poland’s manufacturing sector in 2021 after the COVID-19 (coronavirus) pandemic ravaged output and sentiment last year.
Bucharest Stock Exchange starts 2021 with strong growth
The Bucharest Stock Exchange's BET- TR index went up by 17.7% y/y as of the end of February.
The BET-TR index of the Bucharest Stock Exchange (BVB), which follows the share price movement paid by the companies included in the main BET index and their dividends, went up by 17.7% y/y as of the end of February, the BVB announced in a statement. Nearly a quarter of this growth, namely over 4pp, was achieved during the first two months this year.
Source: BVB
www.bne.eu