Δισεβδομαδιαία Επισκόπηση 3 – 16 Νοεμβρίου 2020
TURKEY
The change in the helm of the CBRT marks a shift towards “more orthodox” policy tightening, easing market concerns and bolstering the TRY exchange rate
Lending activity continued to expand at a fast pace in October
SERBIA
A sizeable fiscal impulse in 9M:20 helped cushion the COVID- 19 shock
Monetary policy is set to remain accommodative, despite limited room for further rate cuts
CYPRUS
Budget deficit hits record-high (yet still manageable) levels, due to the pandemic
Although it is projected to underperform its target deficit of 0.7% of GDP, the FY:21 budget is set to fall well below the EU threshold of 3.0%
The COVID-19 shock leaves Cyprus with a significant debt legacy
APPENDIX: FINANCIAL MARKETS