Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GREECE: The government is fully committed on the timely implementation of the milestones for the disbursement of the €2.8 bn and also prepares the ground for the upcoming 2nd review of the 3rd Adjustment Programme.
SOUTH EASTERN EUROPE
ROMANIA: The EUR/RON ended little changed last week remaining bound within a tight range of 4.4430/540 seen since July. On the money market, short-term RON interest rates remained close to the central bank’s deposit facility rate of 0.25%. Investor sentiment towards government bonds improved as dovish data from the US helped dispel fears of a Fed rate hike in the imminent future.
SERBIA: Following a small correction upwards to 123.20/40 on Tuesday, the EUR/RSD remained stuck around that level for most of last week amid very thin trading volumes.
Viewers can log herebelow and read the full report: Daily Overview September 12 2016
