Costa Rica
Costa Rica’s annual inflation rose 0.95% in December 2024, following a small decline in November. This marked the third increase in the last 19 months,
January 9, 2025
Costa Rica’s annual inflation rose 0.95% in December 2024, following a small decline in November. This marked the third increase in the last 19 months,
BBVA’s Alejandro Cuadrado warned that emerging markets may face a “guerilla mode” scenario due to uncertainty over Donald Trump’s tariff plans. Currencies like the Brazilian
Bolivia’s inflation rate surged to 9.97% in 2024, nearly three times higher than the 3.6% forecast. This spike, the highest in 16 years, was driven
Tunisia’s inflation eased to 6.2% YoY in December, down from 6.6% in November, with food prices rising by 7%. Average inflation for the year was
Tanzania’s central bank kept its key rate unchanged to ensure adequate liquidity, anchor inflation below the 5% target, and support 5.7% economic growth in Q1.
Senegal is preparing a financial audit, expected in the coming weeks, which is a key step in negotiating a new loan with the IMF. The
Ghana’s central bank issued a warning to authorized FX brokers, emphasizing strict adherence to the Interbank FX Market Conduct Rules. Violators could face penalties, including
Ghana’s annual inflation rose to 23.8% in December, the highest in eight months. Food inflation accelerated to 27.8%, while non-food price growth slowed. The increase
Angola will delay the planned 25% salary increases for public-sector workers by three months, due to rising debt payments. The increases, initially set for January,
Uzbekistan’s foreign reserves rose from USD 34.56 bln at the start of 2024 to USD 41.18 bln at the end, despite falling slightly in December.
Tajikistan’s President Rahmon did not deliver his traditional New Year’s address, fueling speculation about a transfer of power from Rahmon. Instead, the president’s son Rustam,
Kazakhstan announced a cut of projected 2025 oil production to 96.2 mln tonnes, down from the previous estimate of 97.2 mln. The Ministry of Energy
US President-elect Trump has reiterated his hope to end the war in Ukraine within six months, though commented that he “understands Russia’s feelings” about its
Sri Lanka has experienced deflation since September, mainly due to falling energy prices and a stronger currency. The central bank expects inflation to reach 5%
Pakistan may need to raise taxes to secure a USD 1 bln IMF loan tranche, but this could hurt already-weak economic growth. The country is
Pakistan’s PM Shahbaz Sharif announced that the UAE agreed to extend a USD 2 bln payment deadline originally due in January. Sharif met UAE President