Latvia: unemployment dropped to 7 per cent in Q3

Riga, Latvia (Les Haines, CC BY)

Slovakia: prices down in October

Analysts: Hungarian central bank to tighten its policy

Latvia

There were 68,800 people unemployed in Latvia in Q3’18 — the Baltic Course informs after the country’s Central Statistical Bureau. It’s 7 per cent of the economically active population. Compared with Q3’17 the number of unemployed dropped by 1.5 percentage points.

As reported, the rate among young people (aged 15-24) was 36.2 per cent (up 1.3 percentage points y/y). The share of a long-term unemployment was up 3 percentage points y/y- to 43.1 per cent. The long-term unemployment takes into account those who have been without wok for 12 months or longer.

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Slovakia

The Slovak Spectator reports that the inflation rate slowed down in October 2018. The portal points out that although consumer prices grew 0.1 per cent m/m, they went up only 2.5 per cent in annual terms, down from 2.7 per cent yearly growth in September.

The prices of fruits fell the most — 15.8 per cent m/m. “The decrease of fruit prices in October is nothing unusual, it was more massive than expected. It is probable that the prices reflected a good domestic harvest,” Ľubomír Koršnák, analyst with UniCredit Bank Czech Republic and Slovakia, commented.

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Hungary

The Budapest Business Journal reports that the Monetary Council of the National Bank of Hungary kept the base rate at 0.9 per cent. At the same time, Hungary’s central bank announced in its statement that: “it had reviewed its monetary policy instruments and was prepared for the gradual and cautious normalization of monetary policy, which will start depending on the outlook for inflation. […] The set of unconventional instruments affecting short-term yields will be simplified, and the Monetary Council will publish the background material to the [MNB’s] instrument strategy. In addition, the set of unconventional instruments affecting long-term yields will be fine-tuned”.

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What’s up in indexes

BET (of Bucharest) increased from 8,550.55 index points Wednesday, November 14th to 8,573.66 index points Wednesday, November 15th. It’s up 0.33 per cent d/d and up 10.89 per cent y/y.

BUX (of Budapest) decreased from 39,115.56 index points Wednesday, November 14th to 39,070.97 index points index points Wednesday, November 15th. It’s down 0.11 per cent d/d and up 1.18 per cent y/y.

CROBEX (of Zagreb) increased from 1,748.59 index points Wednesday, November 14th to 1,749.13 index points Wednesday, November 15th. It’s up 0.03 per cent d/d and down 3.29 per cent y/y.

OMXR (of Riga) decreased from 963.70 index points Wednesday, November 14th to 931.08 index points Wednesday, November 15th. It’s down 3.38 per cent d/d and down 6.86 per cent y/y.

OMXT (of Tallinn) increased from 1,183.29 index points Wednesday, November 14th to 1,188.00 index points Wednesday, November 15th. It’s up 0.40 per cent d/d and down 3.06 per cent y/y.

OMXV (of Vilnius) increased from 638.60 index points Wednesday, November 14th to 639.89 index points Wednesday, November 15th. It’s up 0.20 per cent d/d and down 3.23 per cent y/y.

PX (of Prague) decreased from 1,084.44 index points Wednesday, November 14th to 1,081.03 index points Wednesday, November 15th. It’s down 0.31 per cent d/d up 2.67 per cent y/y.

SAX (of Bratislava) decreased from 332.99 index points Wednesday, November 14th to 331.11 index points Wednesday, November 15th. It’s down 0.56 per cent d/d and up 3.69 per cent y/y.

SOFIX (of Sofia) increased from 594.78 index points Wednesday, November 14th to 595.74 index points Wednesday, November 15th. It’s up 0.16 per cent d/d and down 10.96 per cent y/y.

UX (of Kyiv) closed at 1796.53 index points Wednesday, November 15th. It’s 0 per cent change d/d and up 42.40 per cent y/y.

WIG20 (of Warsaw) decreased from 2,231.90 index points Wednesday, November 14th to 2,202.91 index points Wednesday, November 15th. It’s down 1.30 per cent d/d and down 8.93 per cent y/y.

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