Day: February 7, 2023

Peru

Peru’s economy advanced by 0.86% YoY in December, declining from a 1.86% rise in November and defying market forecasts of a 1.25% gain. That marked

The Dominican Republic

The Dominican Republic’s annual inflation rate decelerated to 7.24% in January from 7.83% in the previous month, the lowest since February 2021, mainly driven by

Colombia

Colombia’s economy expanded by 2.9% YoY in the fourth quarter of 2022, following an upwardly revised 7.8% advance in the previous quarter, missing market expectations

Zambia

Zambia’s central bank raised its key interest rate by 25 bps to 9.25%, citing a deceleration in the inflation outlook. The country’s inflation rate dropped

Tunisia

Tunisia’s economy advanced by 1.6% YoY in Q4 2022, decelerating sharply from a 2.9% growth registered in the previous quarter. Notably, the country’s energy and

Nigeria

Nigeria’s inflation rate accelerated to 21.82% YoY in January from 21.34% in the previous month, mainly driven by surging food prices and a weakening naira.

Namibia

Namibia’s central bank raised its key lending rate by 25 bps to 7% following a 50 bps hike in November to safeguard its currency peg

Ghana

Ghana’s inflation rate eased slightly to 53.6% in January from a more than two-decade high of 54.1% in December, aided by a strengthening local currency.

Jordan

Jordan dispatched its foreign minister to Syria to discuss aid after last week’s earthquakes, the first time it has sent a top official there since

Georgia

Kyrgyzstan’s inflation rate rose by 15.3% YoY in January, accelerating from 14.7% in the previous month. That marked the highest inflation reading since October, as

Serbia

The EU has signed a EUR 165 mln grant agreement with Serbia to help the nation wean itself of Russian energy. The funding from a broader EU

Ukraine

German defense minister Boris Pistorius mentioned that Western allies are struggling to put together two full battalions of Leopard two tanks to send to Ukraine

Russia

The European Union proposed a new sanctions package worth EUR 11 bln (USD 11.8 bln), including controls to restrict electronic components exports used for Russian

Philippines

The Philippines raised USD 5.14 bln in local-currency bonds marketed to retail investors, cutting short the offer period amid stubbornly high inflation and prospects of

Malaysia

Fitch affirmed Malaysia’s rating at BBB+ with a stable outlook. The agency expects the country’s GDP growth to moderate to 4% this year ad 4.8%

India

India’s trade deficit widened to USD 17.75 bln in January, up from 17.42 bln in the same month a year earlier. Exports fell by 4.6%