Inflation was the economic bogeyman of 2022. Some Central European central banks believe they've banished the bogeyman and are cutting or preparing to cut interest rates.

The story in neighboring Russia and Turkey is different, with central banks there making defensive moves to shore up the countries' currencies.

What is driving inflation trends in these economies? And where are rates there heading?

Featured experts:

Andy Birch, associate director, Europe & CIS economics, S&P Global Market Intelligence https://www.spglobal.com/en/enterprise/experts/birch-andrew.html Lilit Gevorgyan, associate director, Europe & CIS economics, S&P Global Market Intelligence| https://www.spglobal.com/en/enterprise/experts/gevorgyan-lilit.html Shuchita Shukla, senior economist, Europe & CIS economics, S&P Global Market Intelligence https://www.spglobal.com/en/enterprise/experts/shukla-shuchita.html