Day: June 22, 2022

Georgia

Paraguay’s central bank increased its benchmark rate by 50bps to 7.75% as rising food and energy prices keep inflation in the double digits. The annual

Brazil

Brazil’s central bank said that an extension of its monetary tightening cycle is needed to ensure that high inflation forecasts will fall back to their

Zambia

The World Bank pledged to provide a total of $1.3bln to Zambia over the next three years. Out of the $1.3bln, $275mln will be provided

DR Congo

The East African Community (EAC) heads of state have authorized the deployment of a regional force to secure peace in conflict-ridden areas in DR Congo.

Morocco

Morocco’s central bank held its benchmark interest rate at an all-time low of 1.5% to encourage borrowing and boost the economy even as the country

Egypt

On Thursday, Egypt’s central bank will raise its key interest rate by 50bps to curb inflation. The central bank raised its key interest rate by

Armenia

The strength of the Armenian dram is putting pressure on the Armenian economy as exports are becoming more expensive and putting pressure on wages. Similar to the

Ukraine

Ukraine’s central bank stated that it sees an increased risk of devaluation pressures on the Ukrainian hryvnia (UAH). The central bank stepped up its interventions

Russia

Russia is currently conducting military exercises with simulated missile attacks against Estonia, a warning of escalating tensions with a front-line NATO member. Estonia’s defense ministry

Russia

Russia’s finance ministry said that in this month alone the government expects to receive about $6bln more in oil and gas revenues than anticipated because

Vietnam

Vietnam’s central bank will sell more USD, as high import costs bolstered demand for USD and weighed on its local currency. The central bank aims

Thailand

Fitch affirmed Thailand’s rating at ‘BBB+’ with a stable outlook. Fitch forecasts Thailand’s economy will expand by 3.2% in 2022, from 1.5% in 2021. GDP

Indonesia

Indonesia’s central bank will leave its key interest rate steady at 3.5% on Thursday. The country’s central bank did not raise its key interest rates