Peru
Peru unexpectedly halted its steepest-ever series of interest rate hikes as violent unrest paralyzed the economy and dented the growth outlook. The bank held its
February 1, 2023
Peru unexpectedly halted its steepest-ever series of interest rate hikes as violent unrest paralyzed the economy and dented the growth outlook. The bank held its
Paraguay’s inflation rate declined to 7.6% YoY in January from 8.1% in the previous month, the lowest reading in over a year, mainly driven by
Tanzania’s annual inflation rate marginally rose to 4.9% in January from 4.8% in the previous month, the highest in five years, mainly driven by rising
South African president Ramaphosa declared a state of disaster to enable the government to accelerate its response to an ongoing energy crisis. Meanwhile, the country’s
Egypt revived a stalled plan to sell stakes in 32 state-run companies, including in two military-affiliated firms and a variety of real estate and insurance
The WHO cautioned that Africa is facing an exponential rise in Cholera cases, with infections in the single month of January at a third of
Crude flows from Azerbaijan to Turkey are unlikely to resume until late next week as authorities check for earthquake damage at Ceyhan. Ceyhan handles more
Serbia’s central bank raised interest rates by 25 bps to 5.5%, in line with expectations. The bank noted that the global outlook has somewhat improved
The Russian ruble was on the back foot again yesterday, as it weakened to its lowest level against the USD since April, trading at 72.76.
Ukrainian president Zelensky continued his tour of Europe, addressing the European parliament. During his speech, Mr. Zelensky thanked European leaders for their support and reiterated
Pakistan is optimistic it is nearing an agreement with the IMF to resume a USD 6.5 bln bailout package, a funding that will alleviate distress
Malaysia’s economy expanded 7% YoY in the fourth quarter of 2022, slowing from a 14.2% growth in the previous quarter. Considering the whole year, GDP
China’s annual inflation rate rose to 2.1% in January, up from 1.8% in the prior month, the highest reading in three months, mainly driven by