Equities in South East Europe closed mostly on a strong note on Wednesday as markets sought to reverse a negative slide in the previous trading session amid a positive reaction to upbeat German factory orders and industrial production data, and news that a strike was called off by Norwegian oil and gas workers.
In Romania, the central bank raised its key monetary policy rate by 100bps to 4.75% beating market consensus of a 75-bps hike and pushing the borrowing costs the highest since July 2013 as the institution sought to catch up with eastern European peers who have battled inflation with a series of rate-hikes. The bank expects the annual inflation rate will stick to an upward path until mid-Q3, yet at a visibly slower pace.
1. ATHENS – ATHEX -0.06%
2. BELGRADE – BELEX15 0.03%
3. BUCHAREST – BET 0.62%
4. ISTANBUL – BIST 100 1.56%
5. LJUBJLANA – SBITOP 0.46%
6. NICOSIA – CSE GI 0.90%
7. PODGORICA – MNSE 10 0.13%
8. SARAJEVO – SASX10 -1.03%
9. SKOPJE – MBI 10 0.12%
10. SOFIA – SOFIX 0.37%
11. ZAGREB – CROBEX -0.16%
