• Government is going to discuss public finances reform this week on Wednesday. Support of government’s ideas in the Lower Chamber of Parliament remains as the unanswered question.
• Oil prices rose to USD
67/bbl of Brent
at the end of last week. Higher prices were the result of fears of supply cuts from Nigeria and Congo.
• US retail sales decreased by 0.2% m/m in March but increased by 3.2% y/y.
• US production prices increased by 0.7% last month and production prices inflation remained at 3.2% y/y. After excluding energy and food prices, production prices in March remained unchanged and this softened fears of inflation pressures in US economy.