GLOBAL & REGIONAL DAILY
June 15 2022
All eyes today are on the FOMC monetary policy outcome and Fed Chair Jerome Powell’s press conference afterwards, with money markets pricing in fully a 75bps rate hike and a small risk of a 100bps move. In FX markets, the EUR gained some ground after media reports suggested that the ECB’s Governing Council will hold an ad-hoc meeting today “to discuss current market conditions”.
According to the Bank of Greece, the residential property price index expanded by 8.6%YoY in Q1-2022 compared to an increase of 9.5%YoY in Q4-2021 and 4.5%YoY in Q1-2021.
SERBIA: The headline inflation accelerated to a 10-year high of 10.4%YoY in May, up from 9.6%YoY in April and 9.1% YoY in March, on the back of rising food prices (+16%YoY) and fuel prices (+15.7%YoY).
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