Peru
Peru central bank held its benchmark interest rate at 7.75%. Despite the slowing annual inflation rate, which stood at 7.89% in May, down from 7.97%
May 18, 2023
Peru central bank held its benchmark interest rate at 7.75%. Despite the slowing annual inflation rate, which stood at 7.89% in May, down from 7.97%
Costa Rica annual inflation rate decreased to 0.88% in May 2023 from 2.44% in the prior month, marking the lowest since March 2021. A slowdown
According to Colombia finance minister, Ricardo Bonilla, the country’s central bank could consider interest rate cuts in two months if inflation continues to slow. Inflation
South Africa current account deficit shrunk to ZAR 66.2 bln in Q1 2023 from a revised 155.3 bln in the previous quarter, significantly under the
By the end of 2022, Nigerian banks held approximately USD 1.7 bln of Ghana Eurobonds, according to Agusto & Co, a Lagos-based pan-African credit rating
USAID suspended food aid to Ethiopia after discovering that supplies from international donors were being diverted or sold. That could affect over 20 million people
US secretary of state Antony Blinken and Saudi foreign minister Faisal Bin Farhan held a joint press conference on June 8 following discussions on bilateral,
Serbia central bank raised its key interest rate by 25 bps to 6.25% to curb rising inflationary expectations and ensure inflation falls within acceptable limits.
Ukrainian foreign minister Dmytro Kuleba laid out Ukraine’s plans to counter Russia’s influence in Africa, which include opening ten new embassies and boosting agricultural exports.
Russia aims to increase natural gas exports to its eastern markets to 170 billion cubic meters per year by the end of the decade. This
The Philippines’ central bank lowered its cash reserve ratio to 9.5% on June 8, 2023, and also reduced the required reserve ratio (RRR) for digital
Pakistan plans to raise USD 2 bln from global bonds in FY 24 as part of a budget proposal to secure over USD 22 bln
Indonesia FX reserves dipped to a five-month low of USD 139.3 bln in May 2023 from USD 144.2 bln in the previous month due to
China’s inflation remained near zero in May, creating room for the central bank to ease monetary policy amidst increasing calls for interest rate cuts to
Crude oil prices dropped to roughly USD 71 per barrel due to global supply concerns and economic fears, particularly related to China and potential interest