WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Major European equity markets were standing in negative territory in early trade on Wednesday amid market uncertainty about the tone of the FOMC’s monetary policy statement due for release soon after the conclusion of the two-day meeting later in the day. The Fed is widely expected to stay put on its monetary policy in view of persisting global jitters and a string of recent US data releases suggesting a slowdown in economic activity in Q1. In the accompanying statement, the Fed is expected to adopt a cautious approach with respect to its monetary policy deliberations ahead.
GREECE: An agreement between the government and its official creditors has reportedly been reached regarding the “basic” package of measures worth €5.4 that Greece needs to legislate in the context of the 1st programme review. Nevertheless, a complication in the negotiations has arisen due to the contingent measures worth €3.6bn that Greece is requested to legislate along with the “basic” package.
SOUTH EASTERN EUROPE
ROMANIA: Credit to the non-government sector dynamics remained relatively unchanged in March.
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