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LONDON, April 22 (Reuters) - Russia’s central bank will meet on Friday to set interest rates with more than one third of analysts now expecting inflation pressures and rising geopolitical tensions to prompt policymakers into a 50 basis point rate hike.
About two thirds of analysts are sticking to earlier forecasts of a 25 bps rate hike to 4.75%.
Here are some key questions being asked by markets:
1/WHAT ROLE WILL GEOPOLITICS PLAY?
Russian markets are no strangers to geopolitics, but Washington’s latest sanctions targeting local sovereign debt send a message about what options are on the table and more might come.
Belize's bid for its fifth debt restructuring in 15 years is threatening to turn sour as holders of its so-called 'Superbond' urged it to agree to an IMF programme, while the government accused the creditors of cancelling a planned Zoom call.
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LONDON (Reuters) - Suriname Eurobond creditors accused the government on Friday of breaching its obligation of negotiating its debt overhaul in good faith and threatened to reinstate payments they previously agreed to defer.
Suriname, battling high inflation and the economic fallout of the coronavirus pandemic, accused the bondholder committee of making false statements and urged it to “reconsider this ill-informed course of action.”
Creditors last month agreed to defer payments on $675 million in bonds, but on Friday said Suriname had not allowed them sufficient participation in a $690 million staff-level financing deal with the International Monetary Fund.
“The committee believes that Suriname has already breached its obligation to negotiate in good faith, as required by the terms of the Eurobonds,” the creditors said in a statement.
By Reuters Staff
1 Min Read
MADRID, May 5 (Reuters) - Spain expects to receive 69.5 billion euros ($83.46 billion)from European Union rescue funds in the next three years, Economy Minister Nadia Calvino said on Wednesday in a news conference to explain how the funds will be used.
That is around half of the total 140 billion euros package allocated to Spain.
Thanks in part to the stimulus, which will be directed to finance large projects and recapitalise companies, Spain expects economic output to return to pre-pandemic levels by the end of 2022, Calvino said.
$1 = 0.8328 euros Reporting by Inti Landauro; Editing by Nathan Allen