Central bank

Eurozone government bond yields edged lower on Friday but were still at the top end of their recent range as investors braced for a European Central Bank policy meeting tilted to the hawkish side late next week.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to raise the key policy rate by 25 bp to 6.25 pct.

It also raised the deposit and lending facilities rates to 5 pct and 7.5 pct, respectively.

The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia's invasion of Ukraine and the lingering effects of the coronavirus pandemic.

Eurozone government bond yields were headed for a weekly rise as robust economic data and hawkish remarks by central bank officials triggered some upward repricing in market bets about future European Central Bank rate hikes.

As widely expected, Türkiye's Central Bank has once again kept its policy rate - one-week repo auction rate- constant at 8.5 percent. 

Türkiye's Central Bank has decided to keep its policy rate -one-week repo auction rate- unchanged at 8.5 percent.

The Central Bank's Monetary Policy Committee (MPC) will meet for the fifth time this year on May 25 to decide about the key interest rate.

Analysts expect the monetary authority to keep its policy rate - one-week repo auction rate - unchanged at 8.5 percent as it did last month.

The Central Bank has canceled a previous decision that introduced limits on cash advance withdrawals from credit cards and overdraft accounts.

The bank announced the decision regarding cash advances at the start of the week.

Türkiye's Central Bank has kept its inflation projections for end-2023 and end-2024 unchanged at 22.3 percent and 8.8 percent, respectively.

The International Monetary Fund (IMF) on April 28 urged European central banks to "kill the beast" of inflation by pursuing interest rate hikes.

"You need to go and kill that beast" the IMF's European department director Alfred Kammer told reporters in Stockholm.