GLOBAL & REGIONAL DAILY (Friday May 27, 2022)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

May 27 2022

Global Markets

US real GDP decreased by an annual rate of 1.5% in Q1-2022, revised down by 0.1 percentage point from the advance estimate released in April; 2yr10yr UST yield curve steepens on expectations for less aggressive Fed rate tightening.

Greece

On reforms, the new Code on the Organisation of Justice and the Status of Judges, was tabled to Parliament on Wednesday.

CESEE

The Monetary Policy Committee (MPC) of the Central Bank of Turkey (CBRT) decided yesterday to keep the one-week repo policy rate unchanged at 14.0% for the fifth month in a row, in line with market expectations.

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