Peru
Peru’s central bank kept the benchmark interest rate at 5.0% in December, following a 275 bps reduction over the previous 15 months. Inflation, both overall
December 17, 2024
Peru’s central bank kept the benchmark interest rate at 5.0% in December, following a 275 bps reduction over the previous 15 months. Inflation, both overall
Paraguay’s central bank plans to lower its inflation target to 3.5% by 2026, reflecting controlled inflation and the credibility of its monetary policy. The inflation
The Brazilian real hit a record low, weakening over 1% to 6.1351 per USD despite the central bank’s USD 1.63 bln intervention. Swap rates surged,
The IMF approved USD 204.5 mln in funding for Tanzania following a successful review of the country’s economic reform programme. The first review under the
The IMF released USD 181.7 mln to Rwanda following the latest executive board reviews. Economic growth is forecasted to expand by 8.3% in 2024, slightly
Nigeria’s headline inflation rose to 34.6% in November, up from 33.88% in October. YoY, it increased by 6.4 percentage points compared to November 2023. On
The IMF completed the seventh review under the ECF for Guinea-Bissau, approving an immediate disbursement of SDR 5.43 mln (approximately USD 7.1 mln). Growth is
Ghana’s GDP growth is expected to gradually recover to its potential level of around 5% beyond 2024, with the IMF raising its 2024 growth forecast
Uzbekistan’s central bank kept rates steady at 13.5%. Annual inflation slightly decreased to 10% in November, mainly due to stable food prices. A survey showed
The IMF Board approved the first review of Tajikistan’s Policy Coordination Instrument (PCI). The report noted that all but two targets were met, with robust
Inflation in Serbia rose 0.3% MoM in November, pushing YoY inflation down to 4.3% from 4.5% in the previous month due to base effects. Inflation
Mongolia’s central bank held rates at 10% to stabilize inflation and raised reserve requirements by 1ppt to 11% for the tugrik and 16% for foreign
Kyrgyzstan President Sadyr Japarov dismissed Prime Minister Akylbek Japarov following sharp criticism of the government’s investment plans and allegations of the destruction of Soviet-era historic
Georgia selected Mikheil Kavelashvili as its next president amid ongoing protests backed by the current head of state over the government’s pivot towards Russia. Kavelashvili,
Russia launched air strikes on Ukraine’s energy facilities using dozens of cruise missiles and drones, which Ukrainian President Volodymyr Zelenskiy called an “act of terror.”
Vietnam’s GDP growth is expected to exceed 7%, with the Asian Development Bank raising its 2024 forecast to 6.4% from 6.0%. This is attributed to
Pakistan’s central bank cut the benchmark interest rate by 200bps to 13%, the lowest in over two years, as easing inflation provides room for growth.