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GLOBAL & REGIONAL DAILY (Wednesday 11, March 2020)
HIGHLIGHTS
March 11, 2020
Global Markets
Major global equity markets are back in the red amid growing scepticism about the effectiveness of measures adopted by governments and central banks to mitigate the economic damage of the COVID-19 outbreak. In FX markets, the GBP came under pressure following the BoE’s unexpected 50bps rate cut earlier today in response to the COVID-19 “economic shock”.
Greece
According to ELSTAT, in Jan-20, the overall industrial production index (IPI) decreased by -1.2%YoY while in Jan-19 it had increased by 3.9%YoY. On a monthly basis, the seasonally adjusted overall (IPI) increased by 3.8%. The consumer price index in Feb-20 changed by +0.2%YoY/-0.5%MoM.
CESEE
Serbia: The Ministry of Finance raised RSD 14.3bn in 12.5-year bonds yesterday at an average yield of 3.35% and one day before redeemed earlier 3-year bonds for RSD 5.2bn maturing on January 17, 2022 and bearing a 3.75% coupon at a yield of 1.95%.
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