Annika Lindblad News
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The lira depreciated the most in two weeks and yields closed near record lows after the Turkish central bank cut interest rates.
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The forint weakened for the first time in more than a week and yields fell to a three-year low at a Treasury-bill sale as Hungary’s recession deepened and inflation slowed, fueling speculation for interest-rate cuts.
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The forint halted its longest losing streak in eight months and Hungary’s yields fell to a 2 1/2-year low as the central bank cut interest rates for a sixth month and cautioned on the use of new unconventional policy measures.
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Estonian consumer-price growth was the slowest in five months in March, reduced by a strong comparison base a year earlier.
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Lithuania’s economy expanded at a faster rate in the second quarter than previously estimated, driven by recovering consumption and the construction industry.
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Lithuanian inflation slowed in April to the lowest rate in 14 months as clothing prices and communications costs fell.
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Estonia’s economy, which exited the European Union’s third-deepest recession in the fourth quarter, contracted in the first three months of this year as consumers and companies refrained from spending and investment.
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Lithuania’s economy expanded at a faster rate than previously estimated in the fourth quarter on stronger growth in the construction industry.
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Euro adoption has helped Estonia distance itself from all but the strongest European economies in terms of credit risk as eastern states such as Poland waver in their ardor for the currency, shaken by a sovereign-debt crisis.
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Russia’s economy expanded for the first time since 2008 in the three months through March as the world’s biggest energy producer rebounds on an oil-funded stimulus program and record-low borrowing costs.
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