Day: October 30, 2024

Honduras

Honduras’ Central Bank Governor Rebeca Santos indicated that the 5.75% monetary policy rate would likely hold through year-end, with the bank closely monitoring macroeconomic shifts

Brazil

Brazil’s real weakened to 5.77 per USD in October, its lowest in over three years, amid a strong USD, limited FX inflows, and concerns over

South Africa

South Africa’s latest budget update highlights fiscal strain, underscoring the need for the new coalition government to attract investment. The fiscal deficit is projected to

Senegal

Senegal raised USD 300 mln in a reopened Eurobond sale to address a funding gap after the IMF suspended disbursements. The sale, fully subscribed by

Namibia

Namibia updated its economic outlook, revising growth to 3.6% for 2024 and 5.4% for 2025, up from previous projections. The budget deficit is forecast to

Kenya

The IMF will disburse USD 606 mln to Kenya to stabilize its finances following anti-government protests over tax reforms. This support will bolster FX reserves

Iran

Israel is hosting White House mediators as Washington seeks progress before the US presidential election. Israel is reviewing a US-led plan to end the conflict

Moldova

Moldovan PM Recean has said that “every instance” of “unprecedented” voter-bribery scam will be investigated and the probe will continue after the 3 November presidential

Kazakhstan

Kazakhstan’s government plans to offset a projected decline in 2025 national budget revenues through the Tengiz Field Future Growth Project, according to the finance minister.

Georgia

Tens of thousands protested in Tbilisi, Georgia, challenging election results that showed the ruling Georgian Dream party with 53.92% of votes against 37.78% for pro-EU

Armenia

Armenia’s central cut its refinancing rate by another 25 bps to 7.25%. Inflation staying persistently below CBA’s 4% target in both headline and core CPI

Thailand

Thailand’s industrial output continued to sink in September, marking the seventh contraction this year, mainly due to reduced auto production and weak domestic demand. The

China

The offshore yuan fell to 7.13 per USD following China’s PMI release. Manufacturing saw its first expansion since April, with the index rising to 50.1