Day: September 4, 2023

Paraguay

Paraguay’s central bank lowered its policy rate by 25 bps to 8.0%. That cut follows ten consecutive holds and reflects the bank’s observation of easing

Haiti

Haiti has reinforced its commitment to constructing a canal on its land to divert water from the Massacre River, shared with the Dominican Republic, causing

Colombia

Foreign investors, including Norway’s sovereign wealth fund, reduced their stake in Colombia’s bond market by selling 1.4 tln pesos of TES bonds last month amid

Nigeria

Nigeria’s central bank deferred its rate-setting meeting following a leadership shake-up by the president amid record lows for the local currency. Limited USD supply is

Namibia

Namibia’s economic performance experienced a downturn in the second quarter, with growth easing to 3.7% annually. The Namibia Statistics Agency cited substantial declines in the

Morocco

Morocco’s inflation rose to 5.0% YoY in August from 4.9% in July, mainly driven by escalating food prices. The significant drought in 2022, which negatively

Egypt

Egypt’s Central Bank held its key interest rate at 19.25%, aligning with expert projections. The MPC intends to continue assessing the impact of past tightening

Serbia

Serbia’s energy regulator announced a 10.0% hike in household natural gas prices starting November 1st. Part of Serbia’s ongoing energy reforms, this increase is expected

Georgia

Georgia’s National Bank Group (NBG) faced turmoil as three high-ranking officials resigned in protest over the bank’s decision, allegedly influenced by the ruling party, to

Azerbaijan

A series of protests erupted in the Armenian capital, calling for PM Pashinyan’s resignation and the removal of Russian peacekeepers. Almost all opposition groups in

Armenia

A series of protests erupted in the Armenian capital, calling for PM Pashinyan’s resignation and the removal of Russian peacekeepers. Almost all opposition groups in

Ukraine

Ukraine’s and Poland’s agricultural ministers discussed potential solutions to the issue of duty-free Ukrainian agricultural exports to the EU. Poland, facing parliamentary elections in October,

Russia

Russia imposed a temporary ban on diesel and gasoline exports to stabilize its internal supply, causing prices in Europe to surge amid concerns about exacerbating

Vietnam

Analysts predict that Vietnam’s central bank will extend its interest rate cuts for the rest of 2023 There are emerging concerns regarding the FX rate

The Philippines

Following a decision to maintain interest rates at 6.25% this month, the Philippines’ central bank is contemplating a policy rate hike in November due to

Laos

The ADB lowered Laos’ 2023 economic growth forecast to 3.7% from 4%, citing recent floods, rising public debt, and a weakening Lao currency, the kip.

Indonesia

Indonesia’s central bank Governor, Perry Warjiyo, emphasized that the rupiah’s current vulnerability is crucial in maintaining the monetary policy and keeping the benchmark rate at

Bangladesh

Bangladesh’s central bank will impose disciplinary discipline on ten commercial bank treasury heads for alleged FX violations, as they have been selling USD well above