HIGHLIGHTS
October 20 2022
Global Markets
Brent crude retained yesterday’s uptrend, UST and Bund yields continued to rise and the USD broadly firmed. The two-day EU Council meeting starts today and the energy crisis is the focal point of the agenda.
Greece
According to press reports, electricity providers are expected to announce lower prices for November 2022 compared to October 2022 due to the drop of the Dutch TTF gas futures price; the rate of annual increase of the turnover in accommodation and food service activities remained strong at 24.3% in August 2022.
CESEE
The harmonised annual inflation rate hit a 25.5-year high in Poland in September. On the flipside, inflation decelerated in Cyprus for a second consecutive month.
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