Economic Snapshot for the CIS Countries
bet360备用网址March 10, 2020
Economic activity in CIS Countries is expected to strengthen in 2020
bet360备用网址Growth in CIS Plus is expected to strengthen this year, largely on the back of studier domestic demand in Russia amid higher public spending and monetary policy easing. That said, the region’s other key economies—namely, Kazakhstan and Ukraine—are set to lose some traction. Furthermore, the full-impact of the global coronavirus outbreak threaten to restrain the regional upturn
CIS Countries Monetary & Financial Sector News
bet360备用网址Regional inflation fell to a three-year low of 3.2% in January (December: 3.7%), marking the eighth consecutive month of moderation. This was once again chiefly driven by falling inflation in Russia, where it dipped to a 19-month low, and Ukraine, where it slumped to the lowest reading since February 2014. Price pressures intensified in Azerbaijan and Kazakhstan, however.
bet360备用网址In their most recent meetings, central banks in Belarus, Moldova, Russia and Ukraine cut their key policy rates in response to moderating inflation and as headwinds to GDP growth intensified amid the coronavirus fallout. In contrast, Kyrgyzstan’s Bank hiked its key policy rate amid rising inflation, while policymakers in Kazakhstan and Uzbekistan stayed put in February.
bet360备用网址The region’s most prominent currency—the Russian ruble—depreciated markedly against the U.S. dollar in recent weeks amid plummeting global oil prices and a weakening growth outlook due to the coronavirus fallout. Notably, however, the Kazak tenge and Ukrainian hryvnia largely stood their ground over the last month, in contrast to the faltering Belarusian ruble..
5 years of CIS Countries economic forecasts for more than 30 economic indicators.
CIS Countries Economic News
March 12, 2020
At its 10 March, the National Bank of Ukraine (NBU) decided to cut the key policy rate to 10.00% from 11.00%, marking the sixth consecutive cut.
March 11, 2020
Industrial production growth jumped to 5.8% year-on-year in February, from 4.1% in January.
March 10, 2020
bet360备用网址Consumer prices rose 1.0% over the previous month in February, largely in line with January’s 0.9% increase but marking the strongest rise since February 2019.
March 9, 2020
On 4 March, President Volodymyr Zelensky replaced most of his cabinet, including the prime minister, with more established officials in an attempt to speed up the pace of reform and boost his falling approval ratings.
March 9, 2020
The Russian ruble lost significant ground against the U.S. dollar in the opening months of the year, weighed on by plunging global oil prices and a softening GDP growth outlook amid fears over the full impact of the coronavirus outbreak.
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