HIGHLIGHTS
September 26 2022
Global Markets
The centre-right coalition in Italy has likely secured an absolute majority in the general elections and should be able to form a government led by Fratelli d’Italia. In reaction, the EUR/USD extended recent losses, while the GBP/USD plunged to a record low below 1.04 on mounting concerns about the sustainability of the UK finances.
Greece
According to ELSTAT, the turnover of the enterprises in retail trade, obliged to double-entry accounting bookkeeping, stood at €3.44 bn in July 2022, recording an annual increase of 8.6%. The respective turnover excluding vehicles, food and fuel amounted to €0.97 bn, registering an annual increase of 0.8%.
CESEE
The Monetary Policy Committee (MPC) of the Central Bank of the Republic of Turkey reduced last Thursday the policy one-week repo rate by another 100bps, to 12.0%, the sixth reduction since September 2021. The decision was mainly backed on leading indicators pointing to a slowdown in growth since the beginning of July.
Find out more about our Economic Research and search for reports that may interest you.
Viewers can log here below and read the full report:
