Macroeconomics
Bulgaria: Slowdown of Annual Inflation to 14%
In March, annual inflation in Bulgaria slowed down to a 12-month low of 14.0% compared to 16.0% in February, according to the data of the National Statistical Institute. This is the lowest annual inflation rate since March 2022, when it stood at 12.4%.
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Mali: Serbian inflation to be halved by end-2023
BELGRADE - Serbia's Finance Minister Sinisa Mali expects Serbian inflation to be halved from around 16 pct to 8 pct by the end of the year.
After that, reducing inflation from 8 pct to the previous 1.5-2 pct will, nevertheless, be a much more difficult task, Mali told Tanjug at the weekend.
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Early signs of a price decline in industry
The industrial imports price index recorded a decrease in February 2023 - for the first time since January 2021 - on an annual basis, while a decline was also recorded on a monthly basis.
This element is essentially an indication of price de-escalation, mainly in energy and to a lesser degree in some primary and secondary materials, such as basic metals and paper.
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NBS: Gross FX reserves hit record-high 21.38 bln euros at end-March
BELGRADE - National Bank of Serbia (NBS) gross FX reserves reached 21.38 bln euros at end-March, their highest end-of-month level on record since monitoring began in 2000, the central bank said on Tuesday.
The FX reserves increased by 184.4 mln euros compared to the previous month.
India’s Central Bank pauses rate hikes
India's Central Bank held interest rates yesterday for the first time in nearly a year because of "unprecedented uncertainty" in global markets but said it was committed to taming persistent inflation.
The Reserve Bank of India (RBI) left the benchmark repurchase rate at 6.50 percent after hikes at all six of its prior meetings since May 2022.
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Inflation to drop below 50 pct in May, says finance minister
The annual inflation rate will decline below 50 percent in May and fall further in the following months, Treasury and Finance Minister Nureddin Nebati has said.
Bulgaria’s Ministry of Finance predicts a Slowdown in Economic Growth to 1.8% this year
The Bulgarian economy will slow its growth to 1.8 percent this year, according to the spring macroeconomic forecast of the Ministry of Finance.
Due to the Russian war against Ukraine, an alternative scenario has also been developed, according to which the growth of the gross domestic product (GDP) at current prices may deviate downwards by between 0.5 percentage points.
House rates in Cyprus ease in Q4
Cyprus' House Price Index decreased by 4% in the fourth quarter of 2022 and amounted to 108.03 units, compared to the third quarter, when it was at 112.51, according to a preliminary estimate of the Cyprus Statistical Service (CyStat), published on Tuesday.
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Annual inflation rate slows to 50.5 percent in March
Türkiye's annual inflation rate eased from 55.1 percent in February to 50.5 percent in March, data from the Turkish Statistical Institute (TÜİK) have shown.
The inflation rate slowed for a fifth consecutive month from a high of 85.5 percent in October 2022.
Inflation drops significantly in March
Eurostat's provisional data on March inflation, released on Friday, showed a slowdown in the rate of price growth in Greece, but also in the eurozone as a whole.
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