Day: March 23, 2023

Georgia

Paraguay GDP grew by 1.7% YoY in Q4 2022, slowing from an upwardly revised 2.9% increase in the previous period. The growth was driven mainly

Colombia

Colombia central bank has increased its benchmark interest rate by 25 bps to 13.0%. That follows a 75 bps increase in the previous meeting as

Zimbabwe

Zimbabwe central bank lowered its key interest rate by 100 bps to 140%, the second reduction this year, in anticipation of a further decline in

Zambia

Zambian inflation rose to a three-month high in March due to the Kwacha’s depreciation, caused by stalled debt restructuring talks, resulting in higher import prices

South Africa

South Africa central bank raised its benchmark interest rate by 50 bps to 7.75%, marking the ninth consecutive rate hike. The markets had expected a

Kenya

Kenya central bank lowered its estimate for economic expansion in 2023 to 5.8%, down from the previous estimate of 6.1%, due to an anticipated reduction

Jordan

According to Jordan central bank, the country’s FX reserves declined 3.7% to USD 17.5 bln in February, down by 8.4% from the same period last

Egypt

Egypt central bank raised its key overnight deposit rate by 200 bps to 18.25%. Officials emphasized the need for higher borrowing costs to control high

Israel

In regional geopolitical developments in the Middle East, president Biden has expressed strong concerns about Israel democracy and called for a compromise over a planned

Kyrgyzstan

Kyrgyzstan government is close to an agreement with Russia to import 875 mln kWh of power in 2023-2024, which is close to 5% of annual

Kazakhstan

Kazakhstan new parliament re-appointed the current PM, Smailov, for a new term. The current cabinet was appointed after violent protests last January and has lasted

Russia

A WSJ journalist, Gershkovich, has been detained in Yekaterinburg, Russia, on spying allegations. The Federal Security Service stated that the journalist “collected information constituting a

Thailand

Thailand trade balance shifted to a USD 1.11 bln shortfall in February from a USD 120 mln surplus a year earlier, with exports declining by

Sri Lanka

Sri Lanka faces a battle between global bondholders and authorities as it seeks to restructure debt for IMF aid. BlackRock wants domestic debt holders to

Philippine

Philippine central bank governor Medalla noted that the aggressive tightening cycle might continue and halting interest rate hikes at the May policy meeting may be