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GLOBAL & REGIONAL DAILY (Friday 19 June 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
June 19 2020
Global Markets
The BoE kept its benchmark interest rate unchanged at 0.10% and expanded its asset purchases by £100bn to £745bn. In FX markets, the USD retained a firm tone across the board, favored by rising fears over a second wave of Covid-19. The European Council meets via teleconference today to discuss the European Commission’s proposal for a recovery fund.
Greece
In Apr-20, among the enterprises obliged to double-entry accounting bookkeeping, those in the arts, entertainment and recreation section and accommodation recorded the largest decrease in turnover, i.e. -93.3%YoY.
CESEE
According to a study by the German Economic Institute (IW), released yesterday, EU countries in the region are given a lead in the allocation of funds under the “Next Generation EU” programme of the EC that amounts to EUR750bn.
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