HIGHLIGHTS
September 9 2022
Global Markets
The ECB unanimously decided to raise its key policy rates by 75bps yesterday, the biggest rate hike in the Central Bank’s history, and made clear that further rate tightening should be expected at the “next several meetings”. In reaction, European sovereign bonds sold off led by the front end, and the EUR gained some ground.
Greece
According to ELSTAT’s commercial transactions data (non-seasonally adjusted and in current prices), the balance of goods widened to €2,996.5 mn in July 2022 from €2,247.7 mn in July 2021 (33.3% YoY), while for the January-July 2022 period it increased by 65.4% YoY or €8,168.8 mn.
CESEE
The National Bank of Serbia (NBS) proceeded yesterday with a stronger-than-expected 50bps interest rate increase setting the Key Policy Rate at 3.50%.
Viewers can log here below and read the full report:
Find out more about our Economic Research and search for reports that may interest you.
