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Economic Indicators Bulletin for SEE - June 2017


In this report, the recent FED’s and ECB’s decisions and macroeconomic estimates are analysed, together with our macroeconomic estimates resulting in the concluding remarks that contain significant deceleration in inflation rate for 2017 and 2018 and consequently lower size of increase in the current level of US and German yields than previously estimated (due to the sizable uptick of the inflation rate during the first quarter of 2017).