Day: April 11, 2023

Peru

Peru finance minister announced that historic protests had a “huge” impact on the economy, leading to a reduction of growth forecasts for 2023 from 3.1%

Colombia

The sudden removal of finance chief Jose Ocampo, who had boosted Colombian investors’ faith in the country under its first-ever leftist government, has left investors

Argentina

Argentina central bank raised its Leliq interest rate by 1000 bps to 91% after a 300 bps hike on April 20th to stop the sharp

Zambia

Zambia inflation rate returned to double digits for the first time in eleven months in April, as the kwacha’s sharp depreciation, fueled by slow progress

Nigeria

Nigeria dollar bonds posted considerable losses in emerging markets Thursday, falling nearly 2 cents on the USD, after the government suggested that plans to remove

Malawi

Malawi central bank raised interest rates by the most significant margin in Africa this year, forecasting high inflation due to adverse weather conditions. The MPC

Armenia

Armenia’s consumer prices rose 7.2% in the first quarter of 2023 compared to the same period in 2022. However, industrial goods prices decreased by 0.4%

Ukraine

Ukraine central bank maintained its benchmark interest rate at 25%, as expected, for the seventh consecutive meeting since imposing an emergency rate hike following Russia’s

Russia

Russia’s industrial production rose 1.2% YoY in March, the first increase in twelve months, mainly due to a 30% gain in finished metal goods, including

Pakistan

Pakistan’s PM, Shehbaz Sharif, won a parliamentary confidence vote despite an impasse with the country’s top court over provincial polls. Former PM Imran Khan dissolved

Malaysia

Malaysia producer prices decreased for the second consecutive month, dropping by 2.9% YoY in March, mainly due to declines in mining and agriculture prices. Manufacturing

China

Germany is considering limiting the export of certain chemicals to China, which are used to manufacture semiconductors, as part of a broader plan to cut