Peru
Peru’s central bank held its interest rate at 7.75% for the sixth consecutive month in August 2023. The annual inflation rate in the country dropped
July 18, 2023
Peru’s central bank held its interest rate at 7.75% for the sixth consecutive month in August 2023. The annual inflation rate in the country dropped
Paraguay’s annual inflation rate decreased to 3.5% in July, the lowest since April 2021, from 4.2% in June, primarily due to a decline in transportation,
Tunisia’s annual inflation in July eased to 9.1% from 9.3% the previous month, mainly driven by a slowdown in transportation and food prices, with the
Nigeria’s naira continues its decline in black-market trading due to a deepening dollar shortage, reaching 923 naira per USD, two months after the central bank
Namibia’s inflation rate continued to decelerate, reaching a one-year low of 4.5% in July, compared to 5.3% in June, mainly due to a rapid decline
Mauritania’s central bank held its benchmark interest rate at 8% in its second decision this year. The reserve requirement was raised from 6% to 8%,
Malawi’s central bank raised its key interest rate by 200 bps to 24%, marking the second hike in four months. This decision followed a policy
Egypt’s inflation rate rose to 36.5% YoY in July, up from 35.7% in June. Consumer prices rose by 1.9% MoM, a slight decline from June’s
The Uzbek Som devaluated by 3% yesterday roughly, in an uncharacteristic move, somewhat in tandem with the move seen in the Russian ruble. The central
Serbia’s central bank held its benchmark interest rate at an eight-year peak of 6.5%. Preliminary data indicates a deceleration in inflation to 12.5% in July,
Moldova’s central bank maintained its rates at 6%. Meanwhile, the nation’s inflation has demonstrated a decelerating trend, slowing down to 10.8% YoY in July from
Azerbaijan’s foreign trade balance in the first half of 2023 witnessed a surplus of USD 6.5 bln, reflecting a substantial 50% dip compared to the
In a move to reclaim command over its maritime commerce, Ukraine has proposed temporary navigation routes in the Black Sea for vessels, providing a safer
Russia’s central bank suspended its FX purchases in the domestic market for the rest of 2023. This initiative comes in response to the ruble’s sharp
The Philippine economy contracted 0.9% QoQ in Q2 2023, defying a forecasted 0.5% growth, the first quarterly decline in two years. Services activity fell by
The Indian rupee lingered near its historic low of 83 per USD, influenced by potential capital outflows and the RBI’s decision to keep the repo
Bangladesh’s inflation rate slightly eased to 9.69% in July. While non-food prices fell, food inflation increased marginally. On a monthly basis, prices declined by 0.39%,