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eastern europe faces increased debt sales amid budget challenges and elections
Central and eastern European nations are expected to face significant borrowing needs this year due to ongoing budget deficits, exacerbated by a series of elections. ING strategists Frantisek Taborsky and James Wilson noted that many countries may have to sell more debt than initially planned, a trend seen in 2024.
eastern europe faces heavy debt sales amid budget challenges and elections
Central and eastern European nations are expected to face significant borrowing needs in 2025 due to ongoing budget deficits and a series of elections, according to ING Groep NV. Countries like Poland, Hungary, and the Czech Republic will likely see increased funding requirements, while Romania aims to address its budget gap, albeit with uncertain foundations. Elevated eurobond issuance is anticipated to continue, driven by a lack of substantial consolidation plans and a challenging redemption schedule.
turkey central bank expected to cut rates amid inflation concerns
The Central Bank of Turkey (CBT) is expected to cut rates by 250 basis points to 45% amid positive inflation signals, maintaining a cautious, data-driven approach. Despite a trend of nominal depreciation, the Turkish lira (TRY) continues to outperform other emerging market currencies, remaining a favored carry trade for the year.
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