Bi-Weekly Report 9 - 22 March 2021

TURKEY 
Central Bank Governor’s removal after aggressive policy rate hike triggers sell-off in Turkish assets
Unwinding prematurely and in a frontloaded manner the tight monetary policy pursued so far could undermine market sentiment, putting at risk macroeconomic and financial stability 


CYPRUS
Economic recovery lost steam in Q4:20, amid a second COVID-19 wave 
GDP is set to rebound in FY:21, but modestly (up 3.8%), due to scarring effects from the pandemic  


APPENDIX: MACROECONOMIC & FINANCIAL INDICATORS 



Bi-Weekly Report 9 - 22 March 2021
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