Turkey keeps policy rate constant at 50%
9 hours ago
Bosnia & Herzegovina’s economy grew by 2.7% y/y in the first quarter of 2017, accelerating from a revised 2.6% annual increase in the previous three months, the country’s statistics office reported on July 10.
The government has projected that the GDP will expand by 3.4% this year. The International Monetary Fund (IMF) has estimated this year’s growth at 3%, while the European Bank for Reconstruction and Development expects that GDP will expand by 2.5%. The World Bank has projected it at 3.2%.
GDP in the first quarter of 2017 was supported mainly by trade (up 8.8% y/y) and financial (up 6.1% y/y) sectors. In seasonally-adjusted terms, first-quarter GDP moved up 0.4% q/q, after growing by a revised 0.6% q/q in the previous three months.
The agricultural sector slowed its annual growth to 3.2% in Q1, after rising by 5.6% y/y in the previous quarter. The industrial sector expanded by 2.9% y/y, after posting a 5.7% y/y growth in Q4. The manufacturing sector expanded annual growth to 3.9% y/y, after moving up by 1.3% y/y in the third quarter.
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Turkey keeps policy rate constant at 50%
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
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