China
US President Biden warned that European allies might reduce investments in China if it continues to support Russia, following NATO’s labeling of China as a
July 15, 2024
US President Biden warned that European allies might reduce investments in China if it continues to support Russia, following NATO’s labeling of China as a
Indonesia’s central bank is expected to keep its key rate steady at 6.25% on July 17, supporting the rupiah, which has regained some ground since
Malaysia’s central bank held its benchmark interest rate at 3.0%, allowing time to assess the impact of recent subsidy reductions on inflation. Although inflation has
Nepal recorded a high in remittances, receiving 1,327.51 bln rupees during the first 11 months of FY23/24, marking a 19.3% increase. In USD terms, remittance
Thailand’s PM emphasized the need for strong stimulus measures, including a digital wallet initiative, to boost domestic consumption and revive the economy. Declining household spending
Ukraine aims to hold a second meeting to negotiate a fair peace settlement before the US elections in November, hoping Russia will attend this time.
The Republic of Moldova will receive an additional EUR 100 mln from the EU next week, part of a continued assistance package initiated in 2022.
Serbia’s FX reserves reached a record high of EUR 27.5 bln by the end of June, largely due to successful sovereign Eurobond placements and domestic
Algerian President Abdelmadjid Tebboune announced he will seek a second term in the upcoming elections, now scheduled for September 7 due to technical reasons. This
Ethiopia’s inflation rate decreased to 19.9% in June 2024, a drop from 29.3% a year earlier. MoM, inflation also fell to 0.9% in June, compared
Kenya’s President Ruto dismissed most of his cabinet following deadly protests against his proposed tax increases intended to raise over USD 2 bln. Retaining only
A fuel shortage at Mali’s main international airport caused flight cancellations and disruptions. Since 2012, Mali has faced political, security, and economic crises, exacerbated by
Mauritius’s central bank governor announced readiness to intervene in the FX market as the rupee fell to a new low of 49.1666 to the USD.
Nigerian Central Bank Governor Cardoso highlighted that the country’s stringent monetary policy, including a 750 bps increase in interest rates to 26.25%, is successfully containing
Traders have significantly increased their expectations for a South African Reserve Bank rate cut this month, following signs of global disinflation, particularly in the US.
The IMF projects Brazil’s GDP growth to slow from 2.9% last year, influenced by restrictive monetary policies, a reduced fiscal deficit, and the normalization of
Concern is mounting among Colombian economists as President Petro, known for criticizing the central bank’s tight monetary policies, is set to appoint a majority to
Moody’s affirmed Guatemala’s long-term foreign and local currency issuer ratings at Ba1 with a stable outlook. The rating reflects Guatemala’s consistent economic stability despite low
Peru held its interest rate at 5.75% for the second consecutive month amid concerns over persistent core inflation despite rapid economic growth. Core inflation remained