Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 10 - 23 Μαΐου 2022

Countries in Focus in this Issue: Romania, Bulgaria & Egypt

ROMANIA
Against the backdrop of rapidly rising inflation and widening external imbalances, the NBR raised further its key 2-week repo rate by 75 bps (to 3.75%) in May, with more tightening being in the pipeline


BULGARIA
Amid post-COVID-19 economic recovery, banks’ profitability improved sharply in FY:21, driven by lower provisioning and stronger net operating income
The outlook for the Bulgarian banking system remains positive, despite the challenging economic outlook


EGYPT
The CBE raised its key policy rates by an additional 200 bps in May, amid a sharp increase in inflation; further rate hikes are on the cards
In light of higher inflation and weaker tourist inflows, in the wake of the Russia-Ukraine crisis, we revise our projected GDP growth path downwards


APPENDIX: 
DETAILED MACROECONOMIC DATA
REGIONAL SNAPSHOT: MACROECONOMIC INDICATORS & FINANCIAL MARKETS

Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 10 - 23 Μαΐου 2022
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