HIGHLIGHTS
April 6 2023
Global Markets
Increased US growth concerns and ongoing US banking sector uncertainty, continued to enhance the safe-haven appeal of USTs, while the USD, in spite of a fresh round of soft US data releases yesterday, managed to recover some ground, likely reflecting positioning adjustment ahead of the Easter break in various countries.
Greece
Greek banks to freeze performing mortgage interest rates for the next 12 months; industrial producer prices slow down to 4.7%YoY.
CESEE
In Cyprus, the current account balance recorded a deterioration in 2022, to 9.1% of GDP from 7.1% of GDP in 2021, due to higher goods and primary income deficits. In Poland, the Central Bank held its benchmark interest rate at 6.75% for the seventh straight month. In Serbia, an IMF mission has reached staff level agreement on the conclusion of the first review under the Stand-By Arrangement.
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