Colombia
Colombian inflation numbers for August were a disappointment for those advocating for interest rate cuts, as they slowed down less than anticipated. The annual inflation
August 15, 2023
Colombian inflation numbers for August were a disappointment for those advocating for interest rate cuts, as they slowed down less than anticipated. The annual inflation
Argentine presidential candidate Javier Milei is in talks to secure foreign currency for economic dollarization. A special-purpose vehicle, the Monetary Stabilization Fund, would be created
Tunisia’s central bank kept its key interest rate unchanged at 8%, maintaining its highest level since at least 2006. This move aims to control inflation,
Tanzania registered a 60% YoY increase in the value of its diamond exports for the 12 months through July 2023, despite production being suspended since
South Africa’s current account deficit widened to an annualized 2.3% of GDP in Q2 2023, meeting analysts’ expectations. The country has now posted a current
A Nigerian court confirmed Bola Tinubu’s presidential election victory, which Tinubu says will strengthen his efforts to unify the nation and push through reforms. Tinubu’s
An IMF staff mission will begin its first review of Ghana’s ongoing USD 3 bln loan-support program on September 25. The review is crucial for
Serbia’s central bank held its key interest rate at 6.5%, marking the second month without changes in borrowing costs. This decision comes as both global
Barclays anticipates that Kazakhstan’s central bank will make gradual 25 bps cuts in interest rates, although there could be risks of faster easing due to
Wheat prices fell despite repeated Russian attacks on key Ukrainian ports along the Danube. The ports have become vital for Ukraine’s crop shipments after Russia
Vietnamese banks are struggling with slow credit growth as businesses don’t need new capital. The country’s credit growth as of late August was only 5.3%,
Vietnam and the Philippines have entered into an agreement to strengthen the rice trade. That comes as rice supplies have tightened due to India and
Malaysia’s central bank held its overnight policy rate at 3% for the second consecutive meeting. Policymakers expect both headline and core inflation to moderate for
Indonesian lawmakers are urging the central bank to ease borrowing costs as the nation shows economic resilience. The central bank will decide on its benchmark
The US and EU are negotiating new tariffs targeting excess steel production, primarily from China. The proposed tariffs would be part of the Global Arrangement