GLOBAL & REGIONAL DAILY (Friday 12 April 2024)

HIGHLIGHTS

April 12, 2024                                                                                                                                                                                 

Global Markets

The ECB’s Governing Council left interest rates unchanged at its meeting yesterday, as expected, but signalled that it could ease policy at its next meeting in June. The EUR/USD has been continuing to fall following Wednesday’s sell off.

Greece                                                                                                                                                                                               2025 Greek Budget expected to include €870mn in fiscal measures by Finance Minister K. Chatzidakis enhancing incomes, reducing taxes, with 2.1% GDP primary surplus and 2.5% growth targets mixed vehicle registration trends in Q1 2024.

CESEE

The National Bank of Serbia left yesterday the base rate unchanged at 6.50% for the ninth consecutive month, in line with market expectations. NPLs ratio below 8.0% in Cyprus in December for the first time since the 2013 crisis.

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