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Turkey keeps policy rate constant at 50%
4 hours ago
The National Bank of Kazakhstan has revised its 2017 GDP growth forecast from 2.8% to 3.1%, the bank said on August 22.
The upward revision in the central bank’s forecast is mainly due to a faster-than-anticipated recovery in the real sector, the bank said. Kazakh GDP grew by 4.2% in the first half of 2017.
With the long-awaited giant Kashagan oil project having been launched in October 2016 and more energy projects expected to come on stream, Astana will likely rely on increased oil production coupled with its bet on increasing foreign investments to boost growth. The central bank has also noted that the oil production forecast for 2017 is now projected at 84.5mn tonnes compared to the previous prediction of 81mn tonnes.
Kazakhstan is hoping to raise its economic growth to 5.5% by 2021, Kazakh Prime Minister Bakytzhan Sagintayev said on June 15.
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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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Slovak unemployment inched further down to 3.88% in March
There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.
Poland’s industrial production disappoints in March as output declines 6% y/y
Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
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