China
Mainland China’s consumer price index rose only 0.2% YoY in June and fell 0.2% from May, with core inflation up 0.6% YoY but remained flat
July 12, 2024
Mainland China’s consumer price index rose only 0.2% YoY in June and fell 0.2% from May, with core inflation up 0.6% YoY but remained flat
Malaysia is close to finalizing a deal with Singapore to create Southeast Asia’s first cross-border special economic zone, expected to be larger than Shenzhen, the
In the Philippines, FDI decreased by 36.9% YoY in April 2024, totaling USD 556 mln. Still, the central bank reported a significant 18.7% increase in
The yuan now dominates 99.6% of Russia’s foreign exchange market transactions following recent US sanctions that led the Moscow Exchange to stop trading in USD
The foreign ministers of Armenia and Azerbaijan continued their peace discussions in Washington, mediated by the US Secretary of State Antony Blinken remarked that the
Kyrgyzstan and Russia plan to boost their mutual trade to USD 5 bln annually in the medium term, as stated by Kyrgyz PM Japarov. This
Moldova’s inflation rate rose to 3.8% YoY in June, up from 3.3% in May. Despite the acceleration, Moldova’s central bank held its monetary policy rate
Mongolia’s inflation rate slowed to 5.1% YoY in June, marking the lowest rate since March 2021. The rise in food and non-alcoholic beverage prices, which
Uzbekistan’s energy ministry decided to maintain the current electricity pricing structure, responding to public dissatisfaction over significant price increases following the implementation of a “social
Egypt’s central bank withdrew EGP 1.249 tln (USD 25.9 bln) from 30 local banks on July 9, continuing its efforts to manage liquidity after absorbing
Ghana’s annual inflation fell to a two-year low of 22.8% in June, down from 23.1% in May, raising the possibility of an interest rate cut
Kenya faces a challenging decade, needing about USD 26 bln to service foreign debts, with limited funding options following scrapped tax increase plans due to
Nigeria announced measures to tackle food inflation, rising at the fastest pace in three decades in a country where nearly half its population lives in
Lesotho sold LSL 7.47 mln ( USD ca. 413,165) of bills due July 9, 2025, attracting bids 3.87 times the amount offered. The bills, yielding
Tunisia has increased monthly payments to the nation’s poorest households from 180 dinars to 240 dinars, affecting about 310,000 households. This measure, prompted by current
Argentina is set for an economic uplift with the potential to secure EUR 200 mln in funding focused on renewable hydrogen projects. Concurrently, President Milei
Brazil’s annual inflation rate in June rose by 4.23%, less than expected, as the central bank paused its cycle of interest rate cuts amid concerns
Economic activity in Honduras grew by 3.2% YoY in May, slowing from the revised 9.1% growth observed in April. The average growth rate for April-May