Day: May 22, 2023

Honduras

Chinese president Xi Jinping told the Honduran president Iris Xiomara Castro Sarmiento that China would boost imports from Honduras and is seeking talks on a

Brazil

Brazilian central bank chief Roberto Neto suggested that declining inflation expectations may lead the bank to consider easing its monetary policy. While the bank will

Tunisia

Meanwhile, the EU has pledged significant financial assistance to Tunisia to boost its economy and reduce irregular Mediterranean migrant flows. Tunisia serves as a portal

Tunisia

Despite Fitch downgrading Tunisia’s credit rating by two levels, Tunisia’s dollar debt rose on Monday. The country’s bond due 2025 climbed 0.9 cents to 65.276

Sierra Leone

Sierra Leone is heading for its fifth consecutive election since the end of the civil war in 2002 against a backdrop of economic and political

Mozambique

Mozambique’s annual inflation rate declined to 8.23% in May, down from 9.61% in the previous month. In Senegal, the annual inflation rate decreased to a

Iraq

Iraq has agreed to repay approximately USD 2.76 bln of gas and electricity debts to Iran following a US sanctions waiver. Given its dependence on

Serbia

Serbia central bank reported FX reserves of EUR 22.09 bln (USD 23.8 bln) at the end of May, mainly due to the central bank’s foreign

Kosovo

Kosovo annual inflation rate eased to 5.5% in May 2023 from 6.3% in April, marking the lowest reading since September 2021, primarily driven by a

Azerbaijan

Azerbaijan recorded a foreign trade surplus of USD 5.24 bln in the first four months of 2023, a decrease from USD 8.74 bln in the

Russia

Russia annual inflation rate accelerated to 2.5% in May, up from 2.3% in April, marking an end to a year-long period of decline and surpassing

Pakistan

Pakistan central bank held its key interest rate at 21% as the nation battles record-high inflation. The inflation rate peaked at 38% YoY in May,

India

The Indian rupee has rallied to 82.4 per USD, up from its 83-record low on May 19th, bolstered by macroeconomic data supporting the central bank’s

China

China central bank, PBOC, unexpectedly cut its short-term policy interest rate due to growing worries about slowing growth and the need to stimulate recovery. The

China

Crude oil prices plunged nearly 5% to sub-USD 67 per barrel on Monday, a five-week low, due to concerns over China’s weakening demand and increased