HIGHLIGHTS
January 15 2024
Global Markets
US December PPI data came in weaker than expected, raising market expectations of a 25bps Fed rate cut by March close to 80%. The World Economic Forum starts today in Davos and US markets are closed for Martin Luther King Day.
Greece HICP up by 4.2% in 2023 on the back of increasing food prices; import price index in strongly negative territory in Nov-23; new passenger car registrations post strong increase in 2023.
CESEE
In line with market expectations, the central bank of Romania (NBR) decided to leave the Key Policy Rate (KPR) unchanged at 7% on Friday. Inflation in December remained on a downward trend in Romania, Hungary, and Serbia, sealing, thus, the continuing disinflation pattern in the broader region.
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