Peru
Peru central bank kept its key interest rate at 7.75% for the fourth consecutive month. Annual inflation eased to 7.97% in April, aligning with the
April 21, 2023
Peru central bank kept its key interest rate at 7.75% for the fourth consecutive month. Annual inflation eased to 7.97% in April, aligning with the
Costa Rica President mentioned that the country’s era of fiscal irresponsibility is over. The nation, known for its generous social programs, has seen its currency
Argentina, grappling with a looming recession and severe drought, is reportedly depleting its liquid FX reserves, leaving its central bank in a precarious position. The
The South African rand plummeted past USD 19 for the first time since April 2020 due to mounting concerns about the country’s economic future stemming
Rwanda central bank maintained its key interest rate at 7.0%, following a 50 bps increase in February. The country’s annual inflation rate fell to a
Inflation updates from Africa show a drop in Namibia annual inflation rate to a ten-month low of 6.1% in April. In Senegal, the annual inflation
Ghana inflation rate in April fell to a six-month low of 41.2%, easing slightly from 45% in March. The decline was primarily driven by a
Contrary to expectations, Serbia central bank held rates steady at 6.0%, prioritizing economic growth over inflation concerns. Despite current inflation rates reaching a nearly two-decade
In Moldova, inflation decreased to 18.1% YoY after peaking at 22% in March. The central bank reduced its base rate to 14% from 17% in
Macedonia central bank raised its rate by 25 bps to 5.75%, citing high inflation and geopolitical uncertainty. The bank plans to proceed cautiously but did
Georgia central bank commenced its easing cycle by reducing the policy rate by 50 bps to 10.50%. Despite inflation dropping below the target, the bank
Border clashes between Armenia and Azerbaijan have prompted Russia to call for de-escalation. However, Russia’s influence as a mediator has diminished since the invasion of
Ukrainian president Zelensky announced that a large-scale counter-offensive against Russia requires awaiting the delivery of promised military aid. Meanwhile, Britain has reportedly supplied Ukraine with
Russia budget deficit has soared in the first four months of this year, surpassing the annual target due to a 26% surge in war-related spending
According to Vietnam state bank deputy, the country is facing challenges in managing policy rates, currency, and credit amid global economic turbulence. The central bank
Pakistan supreme court declared the arrest of former PM Imran Khan by the anti-graft agency illegal and ordered his release from custody, marking a dramatic
China annual inflation rate decreased to 0.1% in April from 0.7% in the previous month, marking the lowest level since February 2021. Both food and
Bangladesh received USD 500 mln in World Bank loans, boosting its FX reserves to USD 30.36 bln. The loans, aimed at “green and climate-resilient development,”