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CIS Countries Economic Forecast

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..

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