Malaysia
Amid global market fluctuations, the sustained USD weakness could allow Asian central banks more flexibility to adjust monetary policies. This week, Asian currencies, including Malaysia’s
August 8, 2024
Amid global market fluctuations, the sustained USD weakness could allow Asian central banks more flexibility to adjust monetary policies. This week, Asian currencies, including Malaysia’s
Bangladesh dissolved its national parliament on Tuesday, setting the stage for a military-backed interim government and new elections following Sheikh Hasina’s ouster. The interim government
Indonesia’s FX reserves rose by ca. USD 5 bln to USD 145.4 bln in July, the highest since last December, bolstered by the government’s global
Pakistan’s finance minister noted that he expects an upgrade of the country’s credit ratings to B-. Following a credit rating upgrade by Fitch due to
Thailand’s Senate approved a 122 bln baht (USD 3.4 bln) supplemental budget, mainly to finance the government’s digital wallet stimulus program, which aims to provide
Ukraine’s FX decreased by 1.8% in July due to the central bank’s net sales of USD 3.3 bln to manage a structural FX deficit and
Japanese PM Kishida is set to announce over 200 business deals between Japan and Central Asian countries, supported by JPY 300 bln (ca. USD 2.1
Kazakhstan extended its export ban on gasoline, diesel, and certain other petroleum products for an additional six months. This measure continues efforts to prevent domestic
Serbia’s public debt-to-GDP ratio increased to 50% at the end of June 2024, up from 47.6% a month earlier. The ratio was 52.0% at the
Central Africa is urgently addressing a widespread outbreak of a mutated M-pox strain, which resulted in nearly 500 deaths in the DR Congo since January.
Kenya’s central bank lowered its benchmark interest rate to 12.75%, driven by an improved global economic outlook and easing inflationary pressures. Overall inflation dropped to
Kenya’s central bank noted that the nation’s debt is sustainable over the medium to long term, despite elevated risk ratings for overall and external debt
The Stanbic Bank Zambia PMI for July 2024 indicated a slight recovery to 49.4 from 47.9 in June, continuing an eight-month contraction trend. Increased capacity
Honduras’ central bank unexpectedly increased its key interest rate by 100 bps to 4.0%, aiming to protect the external position and mitigate inflationary pressures, especially
Paraguay’s consumer prices increased by 0.1% MoM in July, following a 0.4% deflation in June. The annual inflation rate edged up to 4.4% in July