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GLOBAL & REGIONAL DAILY (Friday 28 August, 2020)

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GLOBAL & REGIONAL DAILY (Friday 28 August, 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

August 28 2020

Global Markets

Chair Jerome Powell’s speech at the annual Jackson Hole meeting y-day, coincided with the release of the results of the Fed’s monetary policy framework review, which suggested tolerance for higher inflation to support economic recovery and boost employment. In reaction, long-dated UST yields rose and the DXY index lost some ground.

Greece

According to the Ministry of Finance, the State Budget Primary Balance recorded a deficit of €7,5bn, against the primary surplus target of €1,2bn and the primary surplus of €1,8bn achieved at the same period of the previous year.

CESEE

Serbia: The Executive Board of the IMF completed yesterday the fourth review of the country’s economic performance under the Policy Coordination Instrument (PCI).

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