The board of the Central Bank of Russia (CBR) at the policy meeting of June 11 resolved to increase the key interest rate by 50 basis points (bp) to 5.5%, in line with expectations.
The headline inflation is already above the refinancing rate, maintained by the central bank a couple of days earlier at 2.65%.
The NBS said its monetary policy priority will be to ensure price and financial stability, while supporting faster growth of the Serbian economy, employment and exports.
State banks’ loan volume, meanwhile, reached 48% of Turkey's total banking industry loans at end-April.
Romania’s exports rose by 113% y/y to €6.25bn in April, a robust growth even after the correction for low base effects.
Serbia was one of the countries in emerging Europe least affected by the coronacrisis in 2020, and is expected to achieve strong growth this year.
GDP down by just 0.1% compared to Q1 2020 as strong performance industry and IT&C offset contraction of services sector.
Decision reveals the BNM’s concern with economic growth rather than inflation.
Inflation expected to rise further as price pressures mount.
Russia’s economy will expand by 4% this year after contracting less than the international economy a year earlier, President Vladimir Putin said at the St Petersburg International Economic Forum (SPIEF)
Third wave of coronavirus between February and April prompted North Macedonia's government to introduce tighter restrictions.
Annualised growth rate now close to the trend growth rate in the pre-crisis period.
After falling for most of 2020, PPI inflation returned to the level last seen in the first quarter of 2019.
The jobless rate has been constantly falling in the last few years, but the pace slowed in 2020 due to the coronavirus pandemic.
Bulgaria has been struggling for years with air pollution in urban areas, particularly in winter.
Calculations from independent Inflation Research Group, headed by Istanbul academics, again clash with official picture.
Annual consumer price index (CPI) inflation in Kazakhstan stood at 7.2% in May, according to data published by the country’s statistics office.
Kazakhstan's GDP contracted by 1.5% y/y in the first quarter, according to latest official figures provided by the national statistics office.
The Bucharest Stock Exchange boasted the highest daily liquidity in its history in the first five months of 2020.
Ukraine’s current account switched to a surplus of $837mn in April, from a $333bn deficit in the prior month, due the positive balance in trade and primary income, the National Bank of Ukraine (NBU) said in a preliminary report on May 31.