Russia Producer Price Index (MoM): -2.5% (January) vs previous -1.6%

Feb 18, 2026

Russia Producer Price Index (YoY) declined to -5% in January from previous -3.3%

NBH: First cut seen as easing cycle starts – ING

ING economists Peter Virovacz and Frantisek Taborsky expect the National Bank of Hungary (NBH) to start an easing cycle at its 24 February meeting, cutting the base rate by 25bp to 6.25%.

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Russia Producer Price Index (MoM): -2.5% (January) vs previous -1.6%

Russia Producer Price Index (YoY) declined to -5% in January from previous -3.3%

NBH: First cut seen as easing cycle starts – ING