Day: March 15, 2023

Georgia

Paraguay central bank held its benchmark interest rate at 8.5% for the sixth straight decision. The bank will continue monitoring the local and international environment

Argentina

Argentina GDP grew by 1.9% YoY in Q4 2022, exceeding market expectations of 1.7% but slowing down from the 5.9% growth seen in the previous

Tunisia

Tunisia central bank held its key interest rate unchanged at 8% to curb high inflation, which hit a fresh four-decade high of 10.4% YoY in

South Africa

South Africa annual inflation rate increased to 7% in February, higher than the expected 6.9%, driven by rising food (13.6%) and transportation (9.9%) prices. The

Morocco

Morocco annual inflation rate rose to 10.1% in February, up from 8.9% in the previous month, with food prices being the main driver of inflation

Malawi

According to the UN’s WFP, Cyclone Freddy has led to increased food insecurity in Malawi, with food prices in the worst-affected areas increasing fourfold. Almost

Lebanon

Lebanon inflation rate reached an eight-month peak of 189.67% YoY in February, up from 123.53% in January due to a significant devaluation of the Lebanese

Kenya

Kenya central bank introduced the Kenya FX Code, which aims to strengthen the country’s wholesale FX market by setting standards for commercial banks. The FX

Kosovo

The EU envoy for the dialogue between Kosovo and Serbia sees the weekend’s agreement between the two Presidents as a turning point in the normalization

Ukraine

Ukraine secured USD 15.6 bln in financing from the IMF through a 4-year program divided into two phases. The first phase will focus on strengthening

Russia

In February, Russia experienced the fastest YoY decline in producer prices since May 2020, with a drop of 7.5%. The fall was due to sanctions

Pakistan

Pakistan has canceled the April 30 elections in its most populated province, Punjab, and rescheduled them for October 8. The decision comes just two days

China

Chinese president Xi Jinping’s recent visit to Moscow to align with Russia against the US was a political win for both leaders. However, the lack

Russia

Crude oil prices fell to USD 70 per barrel on Thursday as the Fed pushed back against expected interest rate cuts this year, and US