Day: June 6, 2023

Guatemala

In a surprising turn of events, centrist Bernardo ArĂ©valo claimed a spot in the second round of Guatemala’s presidential election. That comes amidst rising anger

Colombia

The Colombian peso is underperforming compared to its peers for the second consecutive session, as traders seem to be reducing bullish positions that made it

Uganda

The IMF has disbursed approximately USD 120 mln to Uganda after completing its fourth review of the ECF. The total disbursements under the arrangement now

Sudan

Concerns are growing about the fulfillment of USD 1.5 bln in donor pledges made towards humanitarian relief for Sudan at a conference in Geneva this

Seychelles

Deflation in Seychelles is expected to be short-lived due to a weaker currency and higher import prices. Consumer prices fell by 1% YoY in May.

Mali

Mali’s electoral authority announced that 97% of the votes on a constitutional change referendum proposed by the ruling military junta were in favor. The referendum

Kenya

Kenya’s central bank increased its benchmark rate by 100 bps to 10.5% to ease inflationary pressures. This adjustment brings borrowing costs to their highest point

Africa

The Bank of Central African States maintained its key lending rate at 5.0%. However, it has revised its year-end inflation forecast from 5.6% to 6.1%.

Angola

Amid rising inflation worries and a lack of intervention by the treasury, Angola’s currency fell beyond the 800-per-USD mark for the first time. The kwanza

Serbia

Serbian president Aleksandar Vucic has expressed his admiration for Russian leader Putin’s handling of the rebellion by the founder of the Wagner Group, Yevgeny Prigozhin.

Kosovo

Three police officers returned to Kosovo after a Serbian court ordered their release, potentially alleviating tensions between the neighboring nations. The officers had spent ten

Russia

Russian president Putin stated that organizers of an attempted mutiny aimed to divide Russia and assured that the government took all necessary measures to neutralize

Pakistan

Pakistan’s central bank raised its key policy interest rate by 100 bps to 22.0% to keep inflation expectations in check. While recent months have seen

China

China’s central bank has taken additional steps to slow down the yuan’s depreciation by setting its daily reference rate for the managed currency at a