Δισεβδομαδιαία Επισκόπηση 20 Οκτωβρίου – 2 Νοεμβρίου 2020
TURKEY
The CBRT’s opting for “back-door” tightening fails to ease market concerns
Headline inflation remains stubbornly high at 11.9% y-o-y in October, broadly unchanged compared with end-2019, raising pressure on the CBRT to further tighten its stance
Inflation is set to embark on a downward trend only next year, due to positive base effects and a prospective policy tightening
ROMANIA
Budget deficit hits record-high levels due to COVID-19-related loosening
Romania is in high need of fiscal consolidation
An elevated risk premium prompts the NBR to “wait-and-see”
CYPRUS
Rising credit risk and heightened uncertainty, due to the pandemic, bring credit expansion to a halt
Customer deposits drop mildly, amid the pandemic, driven by the corporate segment
COVID-19 takes a toll on the residential real estate market
APPENDIX: FINANCIAL MARKETS