Day: October 11, 2024

Peru

Peru’s central bank held its monetary policy rate steady at 5.25% after two recent cuts. Despite inflation easing below the target in September to 1.8%,

Costa Rica

Costa Rica has made an initial USD 62.5 mln capitalization payment to CAF, marking its full membership in the multilateral body. This is part of

Colombia

Fitch Ratings analyst Richard Francis has raised concerns over Colombia’s ability to meet its fiscal rule this year. Francis cited a fiscal deficit projection of

Argentina

Argentina’s inflation slowed to 3.5% MoM in September, down from 4.2% in August, marking the lowest rate since November 2021. Core inflation eased to 3.3%,

Mozambique

As Mozambique continues tallying results from Wednesday’s general election, opposition candidate Venâncio Mondlane has raised concerns about irregularities on voting day and during the subsequent

Kenya

Societe Generale has sold its position in Kenya’s KENIB 09/Aug/2032 bonds after securing a 7.4% profit, citing a local bond rally that appears to have

Cote d’Ivoire

Ivory Coast’s president, Ouattara, advocated for members of the Economic Community of West African States (ECOWAS) to bring forward the launch of a common currency,

Ghana

Ghana’s inflation rate is projected to increase slightly to 21.6% in October, according to IC Research, following a surprise rise to 21.5% in September. This

Ethiopia

Ethiopia recorded 8.1% economic growth in the fiscal year ending July 7, 2024, driven largely by agriculture and industry. The government anticipates double-digit growth this

Serbia

Serbia’s annual inflation rate decreased slightly to 4.2% in September, down from 4.3% in August, driven by stability in housing and utility costs and a

Kazakhstan

Kazakhstan’s central bank ceased USD purchases for the state pension fund, having reached the 40% target share of foreign exchange in the fund’s portfolio. The

Russia

Russian forces continued to target Ukraine’s key sea corridor, specifically striking the port infrastructure in the Odesa region. On October 9, Russia attacked the Shui

Sri Lanka

Sri Lanka’s consumer prices decreased by 0.5% YoY in September, a shift from a 0.5% rise in August. Bloomberg economists expect deflation to continue until

China

China’s Finance Ministry briefing over the weekend failed to provide the stimulus boost that equity investors had anticipated. This absence of major new measures may

Bangladesh

The World Bank revised its growth outlook for Bangladesh’s GDP to 4% for the current fiscal year, a significant drop from the earlier 5.2% projection.