GLOBAL & REGIONAL DAILY (Friday 15 January, 2021)
January 15 2021
US President-elect Biden proposed a $1.9tr stimulus package. Concerns over the cost of the package led to a risk-off mode, pushing the US dollar higher. Against this background, the EUR-USD fell to a one-month low y-day, but pared some losses following Fed Chair Powell’s comments that interest rates would not be increased any time soon.
According to ELSTAT, the Consumer Price Index (CPI) in Dec 2020 compared with Dec 2019, decreased by 2.3%, which is the ninth annual decrease in a row and the largest one in 2020.
Parliamentary elections in Bulgaria are scheduled for April 4, as announced yesterday by the President Rumen Radev. The National Bank of Serbia kept yesterday the key policy interest rate unchanged at 1.00%, as broadly anticipated.
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