Indonesia
Developing nation currencies lost some of their steam following the release of US inflation data, which largely met investor expectations. Almost all EM currencies were
August 16, 2024
Developing nation currencies lost some of their steam following the release of US inflation data, which largely met investor expectations. Almost all EM currencies were
Laos’ trade deficit widened to USD 154 mln in July. The total trade value reached over USD 1.2 bln, with exports at USD 533 mln
In Pakistan, electricity bills have surpassed home rental rates for some due to tariff increases and reforms linked to IMF loan conditions, leading to nationwide
Thailand’s Constitutional Court ousted PM Srettha Thavisin for an ethics violation, deepening the country’s political instability. Pheu Thai, his party, is discussing a replacement and
Ukraine launched a large drone and missile attack across Russia as it continued its ground offensive in Kursk. Russia’s defense ministry said that it had
Serbia’s central bank revised its 2024 inflation forecast upwards to 4.6% from a previous estimate of 4.4%, with the 2025 projection also increasing to 3.6%
Fitch downgraded Israel’s sovereign debt rating by one notch due to the ongoing military conflict’s impact on the nation’s finances, maintaining a negative outlook. The
Ghana’s annual inflation rate decreased to a 28-month low of 20.9% in July, down from 22.8% in June. This deceleration might provide leeway for further
The Kenyan shilling reached a five-week high as a government bond sale concluded, bolstering its position as Africa’s best-performing currency this year, now up 21%.
Namibia’s central bank lowered its benchmark interest rate by 25 bps 7.5% to bolster weak private credit and stimulate economic growth, now forecasted at 3.1%
Somalia’s breakaway region of Somaliland plans to proceed with leasing territory to Ethiopia despite opposition and Turkish mediation efforts. Concurrently, Somalian President Sheikh Mohamud met
Zambia’s central bank held its key interest rate at 13.5%. This decision supports the drought-impacted economy, with expectations for a modest growth of 2.3% this
The Dominican Republic plans to increase transfers to the central bank (BCRD) to 1% from 0.6% of GDP. This move, supported by the IMF and
Honduras’ monthly economic activity index grew by 2.0% YoY in June, slowing from a 4.0% expansion in the previous month, primarily due to an 11.3%