Indonesia
Indonesia saw its slowest inflation rate in over two years, at 2.13% in July YoY, with core inflation at 1.95%. This slowdown may encourage the
August 5, 2024
Indonesia saw its slowest inflation rate in over two years, at 2.13% in July YoY, with core inflation at 1.95%. This slowdown may encourage the
Pakistan’s inflation slowed to 11.09% YoY in July, the lowest rate in over two and a half years, amid slowing consumer demand and recent energy
Thailand launched a significant cash handout program to stimulate economic growth, with hopes of boosting GDP by up to 1.8 pp. Still, the central bank
Kazakhstan plans to increase its net FX sales from the National Oil Fund (NOF) in August, aiming for a total of about USD 530-550 mln,
Tajikistan dismissed rumors of a planned power transition from President Rahmon to his son Emomali, clarifying that the country is only preparing for the upcoming
Tajikistan’s central bank has reduced its key interest rate by 25 bps from 9.25% to 9.0%, with annual inflation reported at 3.5% in June, within
Uzbekistan, with the help of the World Bank, has revised its nominal GDP figures for 2023 by incorporating estimates from the informal and shadow economy,
Iran’s Supreme Leader Ali Khamenei led prayers over Ismail Haniyeh’s coffin in Tehran, highlighting a vow for “severe punishment” against Israel for the assassination. This
Afreximbank has committed to financing USD 1.4 bln for a fertilizer plant in Soyo, Angola, aiming to cut down on the country’s USD 120 mln
Kenya’s annual inflation declined to a four-year low of 4.3% in July, down from 4.6% in June, helped by a strong shilling that tempered transport
Mozambique’s central bank cut its benchmark lending rate by 75 bps to 14.25%, making it the first African central bank this year to reduce rates
Tunisia’s central bank held its key interest rate at 8% to support a disinflationary trend and stabilize the economy. Despite a reduction in core inflation,
The IADB approved a USD 687 mln loan for Argentina, intended to support the budget and boost FX reserves, which declined to USD 6.4 bln.
Colombia’s central bank lowered its benchmark interest rate by 50 bps to 10.75%, citing stable headline inflation at 7.2% and stabilized inflation expectations. Meanwhile, Fitch
Costa Rica’s GDP grew by 5.5% YoY in Q2 2024, up from 3.6% in the prior quarter, driven by robust investment and export growth. As
Peru issued its first hard-currency bonds in three years, raising USD 3 bln through a dual-tranche deal. The country sol USD 1.25 bln in dollar-denominated