Fixed Income Regional Market Watch

30 Dec, 2020
image
  • Fixed Income Regional Market Watch report covers the range of EUR and USD state and corporate Eurobonds issued in CIS, Caucasus, Eastern Europe and extended Region  
  • Emerging market currencies continued to perform well amid continued dollar weakness and stronger economy recovery
  • The commodity price dynamics reflected the appearance of the mutated COVID-19 variant
  • Q3 2020 GDP growth came in at -5.6% YoY, below the initial estimate of -3.8% YoY
  • The NBG kept the refinance rate unchanged at 8.0%
  • Annual inflation stood at 3.8% in November, unchanged from the previous month 
  • Share of non-residents in government securities posted a slight decrease at 10.8% in November
  • Russia: GDP drop retreated to 3.7% YoY in November as opposed to 4.5% YoY decline in October 
  • Armenia: Central Bank of Armenia delivered 1.0 PP increase in policy rate
  • Turkey: Central Bank of Turkey delivered another 2.0 PP rate hike, raising its key rate to 17%
  • Ukraine: CPI inflation in Ukraine increased to 3.6% YoY in November following 2.6% in the previous month
Start a conversation