Bi-Weekly Report 17 – 30 March 2020

TURKEY

The CBRT cut its key rate by a further 100 bps to 9.75%, amid COVID-19 concerns

Increased spending to counter the impact of COVID-19 will weigh on an already stretched budget

 

NORTH MACEDONIA

EU agrees to open accession talks with North Macedonia

The (snap) April 12th Parliamentary elections are postponed, due to the COVID-19 pandemic

The Central Bank cut its key rate by 25 bps to 1.75%, amid COVID-19 concerns

 

CYPRUS

Despite the pick-up in government consumption, GDP growth moderated to a still solid 3.2% in FY:19, driven by a slowdown in investment activity and a drawdown in stocks

Economic growth is set to decelerate in the aftermath of the COVID-19 outbreak

 

APPENDIX: FINANCIAL MARKETS

Bi-Weekly Report 17 – 30 March 2020
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