US overnight refinancing (repo) rate, %, 2018-20

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Price rises may cool Turkish Central Bank easing cycle

Central Bank continues its easing cycle, but strengthening inflation may have prompted lightest rate cut since July

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ECB President Christine Lagarde is implementing her predecessor’s policies while also initiating a strategy review

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Citizens are growing increasingly frustrated with the government as cash shortages and corruption concerns persist

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Prolonged social unrest and lock-downs since mid-2018 are taking their toll on the economy

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Outgoing Bank of England Governor Mark Carney believes rates could go either way, but more QE is highly unlikely

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Euro-area headline inflation rose in December on food and energy but tellingly for policy, core inflation did not rise

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Household debt is rising, but risks are largely concentrated in certain sectors and groups of society

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The primary fiscal deficit and debt-to-GDP ratio improved in 2019

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As global risks recede, the credibility of monetary policy in Central Europe, in Hungary especially, comes into question

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