HIGHLIGHTS
November 25 2022
Global Markets
The USD remained under pressure, and fixed income markets on both sides of the Atlantic retained a positive tone amid increased expectations that central banks might not continue hiking rates as aggressively as initially feared.
Greece
The turnover of the enterprises in retail trade stood at €16.7bn in Q3 2022, printing an annual increase of 12.5% from 12.0% in Q2 2022. In other news, the European Commission is expected to approve today the second RRF trance, amounting to €3.56bn, with a breakdown of €1.7bn in grants and €1.8bn in loans.
CESEE
The Monetary Policy Committee in Turkey reduced yesterday the policy rate for a fourth consecutive month, by 150bps, to 9.0%, in line with the Committee’s guidance at its October meeting. Considering the increasing risks to the global economy, the MPC evaluated that the new policy rate is adequate, ending its cycle of monetary policy easing.
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