2 However, since asset prices also reflect expectations regarding other economic variables, it may be difficult, at times, to identify the specific impact of monetary policy actions and announcements.
•  The REI is a semiannual publication by the IMF and assesses the macroeconomic outlook for the Central, Eastern and Southeastern Europe (CESEE) region in light of the latest global economic and financial developments. •  Hence, this report covers more than twenty countries, including Central and Eastern Europe (CEE), Southeastern Europe (SEE), the Baltic region, the CIS group, and Turkey.