Brazil
Brazil’s central bank raised the Selic rate by 100 bps to 12.25% in December, signaling further hikes by March. The decision was prompted by inflation
December 18, 2024
Brazil’s central bank raised the Selic rate by 100 bps to 12.25% in December, signaling further hikes by March. The decision was prompted by inflation
Argentina’s GDP contracted 2.1% y-o-y in 3Q24 but expanded 3.9% QoQ s.a., surpassing the 3.4% growth expected by analysts. This marked a recovery from the
The IMF approved a USD 184 mln disbursement under Zambia’s 38-month extended credit facility, bringing total disbursements to USD 1.3 bln. Despite a severe drought
Senegal is considering extending debt maturities after an audit revealed higher-than-expected public debt and deficit figures. The country is seeking to negotiate a better repayment
Morocco plans a sovereign bond sale in Q1 2025, with the final timing to be determined by the Treasury. The 2024 current account deficit is
Morocco cut its interest rate by 25 bps to 2.5% for the second time this year, aiming to stimulate investment, including preparations for co-hosting the
Mauritius’ October trade deficit widened to 19 bln rupees from 18.89 bln rupees the previous month. Imports increased to 28.5 bln rupees, driven by higher
The Central Bank of Egypt withdrew EGP 612.25 bln (USD 12.05 bln) from 26 banks at an interest rate of 27.75% to manage inflationary pressures.
Israeli officials say a ceasefire in Gaza is closer than ever, with a working group in Doha to discuss a breakthrough deal for hostages and
Uzbekistan’s government released its 2025 state budget parameters, including its forecasts for the exchange rate, which it projects at 13,250 som per USD for 2025,
The Dutch Minister of Foreign Affairs has stated that the country will block Serbia from progressing in its EU accession talks as the country is
The ADB has revised up its growth forecasts for the Caucasus and Central Asia to 4.9% (from 4.7%) for 2024 and 5.3% (from 5.2%) for
Azerbaijan’s Central Bank kept the key rate at 7.25%, maintaining the inflation corridor. The central bank continued dollar sales in November to aid government payments
The IMF has approved Armenia’s fourth SBA review, unlocking approximately USD 24.1mln in funding. The program is used as a precautionary measure by the country.
The EU is assessing the legal and financial implications of confiscating Russia’s sanctioned central bank assets for use by Ukraine. As Europe confronts the risk
Thailand’s central bank kept the benchmark rate at 2.25%, a widely expected decision amid low inflation and a slow economic recovery. The third-quarter GDP growth
Sri Lanka’s economy grew 5.5% in the last quarter, up from 4.7% in Q2. This comes as Sri Lanka progresses in its debt restructuring plan,