GLOBAL & REGIONAL DAILY
June 21 2022
ECB’s President Lagarde affirmed a 25bps rate hike in July followed by further rate hikes in September and beyond, the magnitude of which will depend on incoming data and assessments on the development of inflation in the medium term.
According to the Bank of Greece, in April the current account (CA) deficit contracted on an annual basis by €456.1mn due to an improvement in the services balance, as well as in the primary and secondary income accounts, which was partly offset by a deterioration in the goods balance.
Fitch Ratings affirmed on Friday Bulgaria’s sovereign rating at BBB and maintained the outlook to positive, in view of the pursuit of the euro adoption in 2024.
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