GLOBAL & REGIONAL DAILY (Wednesday 14 April, 2021)
April 14 2021
On market relief that the increase in US March consumer prices was not much higher than expected, USTs gained, also supported by y-day’s well-received $24bn 30-yr bond auction. In FX markets, the USD was broadly weaker, with the EUR/USD rising solidly above 1.19.
In an interview yesterday, the Minister of Finance Christos Staikouras revised the 2021 GDP forecast to 4.2% from 4.8% previously, due to the extension of strict restrictive measures in Q1 2021. On the pandemic front, c. 4k new cases were detected yesterday by 76k tests, bringing the positivity rate to 5.3% from 7.8% the day before.
SERBIA: At its regular MPC meeting yesterday, the NBS left interest rates unchanged at 1%.
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