Costa Rica
Costa Rica’s annual inflation rate decreased further to 1.65% in November 2023, following a 1.27% decline in October, marking the sixth consecutive month of disinflation.
December 12, 2023
Costa Rica’s annual inflation rate decreased further to 1.65% in November 2023, following a 1.27% decline in October, marking the sixth consecutive month of disinflation.
Rwanda’s annual inflation rate decreased to 9.4% in November, the lowest since March 2022, down from 12.9% the previous month, mainly driven by a substantial
Ecowas threatened further sanctions or potential military intervention to restore civilian rule in Niger following a coup earlier this year. Ecowas appointed the presidents of
Ghana’s 2024 budget was approved by lawmakers following intense debate and a subsequent vote. The budget includes new taxes, adding financial pressure to households already
Ethiopia will likely default on a USD 33 mln interest payment due on its December 2024 USD bond. The country’s finance ministry highlighted a “fragile
Egypt’s annual urban inflation rate fell to a six-month low of 34.60% in November, down from 35.8% in October. This rate, still well above the
Iraqi PM Mohammed Shia’ al-Sudani vowed to protect diplomatic missions and ordered a hunt for those behind a recent rocket attack near the US embassy
Uzbekistan attracted USD 7.5 bln in foreign direct investment (FDI) in the first nine months of 2023, a 16% YoY increase. Investment in fixed assets
China and Serbia have signed a Memorandum of Understanding (MoU) to establish a yuan clearing arrangement. This arrangement will enable easier use of the yuan
Kazakhstan’s gross international reserves, including gold and foreign exchange, reached USD 92.7 bln at the end of November, a 2.7% increase from October. However, foreign
Azerbaijan’s inflation rate for the first 11 months slowed to 9.4%, down from 13.8% in the same period last year. Food prices continue to rise
In other news, Malaysian PM Ibrahim is expected to announce a cabinet reshuffle on Tuesday, potentially involving several ministries and including former ministers, according to
Malaysia’s industrial production rose by 2.7% YoY in October, a rebound from the 0.5% decline in the previous month, primarily driven by the mining sector,
Bangladesh’s financial account registered a deficit of USD 3.965 bln in the first four months of the current fiscal year (July-October), a significant shift from
Guatemala’s economic activity grew by 1.6% YoY in October, a slowdown from the 3.2% increase in September. The trade deficit widened to USD 1.490 bln
Argentina’s central bank has restricted the amount of foreign currency commercial banks can hold. The rule is expected to increase USD supply in the official
Sudanese expatriates in the UAE are concerned about potential repercussions following accusations by Sudan Armed Forces’ Deputy Commander Yasir El Atta against the UAE for
South Africa’s current account deficit narrowed significantly in Q3 2023, dropping to an annualized 0.3% of GDP, or 19.3 bln rand, due to lower import
Angola’s central bank (BNA) has allocated over one bln kwanzas in credit projects through commercial banks. This funding, representing 16.36% of the overall bank credit
Mongolia’s inflation rate fell to 8.6% YoY in November, the lowest annual increase since July 2021. Despite this overall decrease, food inflation remains high at
Georgia’s FX reserves rose to USD 5.1 bln, a historic high, from the previous USD 4.6 bln. The central bank governor emphasized the active replenishment
Azerbaijani President Aliyev unexpectedly decreed a snap Presidential election for February 7, 2024, with limited explanation for the decision. Speculations suggest this move aims to
US Senate Republicans obstructed a spending bill that included military aid for Ukraine, demanding migration restrictions at the southern border as a precondition. Senate Minority
At a VTB forum, Russian President Vladimir Putin highlighted macroeconomic forecasts for 2023, predicting a 3.5% growth in the Russian economy this year. He noted
Thailand will introduce new regulations for the sale of baht-denominated bonds by foreign entities, effective January 1. The SEC will require these bonds to be
Thailand’s headline inflation declined to 0.44% YoY, the lowest in 33 months. This decrease, influenced by softening energy prices and government measures, remains below the
The Philippines reported a notable decrease in headline inflation to 4.1% YoY in November, down from 4.9% in October, mainly due to a moderation in
Indonesia plans to expand visa-free entry to additional countries, including the US, China, India, and some Middle Eastern nations to attract higher-spending tourists while enhancing
India’s central bank held its benchmark policy repo rate at 6.5%, aligning with the central bank’s goal to keep inflation within the 2-6% target range