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GLOBAL & REGIONAL DAILY (Friday 8 October 2021)

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GLOBAL & REGIONAL DAILY (Friday 8 October 2021)

GLOBAL & REGIONAL DAILY                                


October 8  2021

Global Markets

All eyes today are on the US September non-farm payrolls survey, the last one before the Fed’s next policy meeting in early November, where a tapering announcement is likely, barring a very disappointing report today or any adverse development in the next few weeks.


The Alternate Minister of Finance Theodoros Skylakakis stated that the government will apply for the first tranche of c. €3.5bn of RRF funds in October and will likely receive them by end-2021 or early 2022.


While the National Bank of Serbia, in y-day’s session, left the key policy rate unchanged at 1%, it stepped into a 13bps increase at the rate in y-day’s reverse repo auction, setting it at 0.24% with the respective action read as an initial step towards tightening.

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