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25bps More Cuts In 2013

Inflationary pressures will remain subdued in Albania over the coming months, due to easing agricultural prices and low demand-pull price dynamics. The National Bank of Albania (BoA) will lower its...

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Current Account Surplus Here To Stay

Spain's current account will post a surplus of 0.8% of GDP in 2013, as subdued domestic demand continues to restrict import growth and improving labour market competitiveness supports export growth...

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Measured Tightening Will Not Be Enough

With international reserves falling to precariously low levels following US$6.4bn of FX auctions in defence of the lira, Central Bank of Turkey (CBRT) Governor Erdem Basci indicated on Monday that...

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Modest Recovery Ahead

BMI View: The Serbian economy posted a real GDP growth of 2.1% y-o-y in Q113, confirming our expectation that the economy is poised for a modest recovery this year. We continue to forecast full-year...

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