India
Economic indicators in India suggest potential rate cuts by the central bank due to slowing consumer demand and global economic concerns. High borrowing costs are
August 15, 2024
Economic indicators in India suggest potential rate cuts by the central bank due to slowing consumer demand and global economic concerns. High borrowing costs are
In other news, Thailand is considering restrictions on online sales of foreign goods to protect local industries from an influx of cheap imports, particularly from
Tightened US sanctions have hindered the flow of yuan to Russia, prompting local banks to seek higher-rate loans from the central bank. Following Western sanctions
Ukraine reported the capture of 1000 square kilometers of Russian territory as Russian evacuations continued from border areas. This move by Ukrainian forces is likely
Azerbaijan’s economy grew by 4.5% YoY in the first seven months of 2024. Meanwhile, the country’s annual inflation cooled to 2.7%, down from 10% the
Kazakhstan is considering the sale of ca. USD 1.5 bln benchmark USD bonds for the first time since 2015 after agreeing to resolve a decade-long
The US is increasingly concerned about a potential Iranian attack on Israel, possibly occurring within the week. That follows additional military deployments to the region
Angola’s inflation slightly increased to 31.09% YoY in July, maintaining high levels due to persistent economic pressures. The country’s GDP is projected to grow by
Botswana is curtailing government spending on new vehicles and travel and may delay some capital projects to address a shortfall in diamond revenue. The budget
Egypt is targeting over USD 2 bln in European FDI in 2024 to support new industrial projects. This effort is bolstered by the activation of
Several local banks foresee the Ghanaian cedi to stabilize, with a modest depreciation expected by year’s end to around 15.97 per USD, a mere 2%
Kenya’s remittances from abroad grew 9.6% YoY in July, compared to a 7.4% increase in June. Meanwhile, following deadly protests, Kenya’s finance ministry is revisiting
South Africa’s unemployment rate rose to 33.5% in Q2 2024, marking the highest level since 2022, driven by losses in the trade and agriculture sectors.
Argentina’s central bank continued its streak of USD purchases in the official FX market, buying USD 35 ml for the fifth consecutive day, bringing the
Mauricio Villamizar, co-director of Colombia’s central bank, emphasized the need for a cautious approach to interest rate cuts, noting Colombia’s unusually high inflation compared to
The Dominican Republic saw a 3.7% YoY increase in remittances in July, an improvement from the 1.1% growth observed in the previous month. From January