Peru
Peru’s central bank cut its key interest rate to 4.75% as inflation slowed to 1.97% in December, well below the 2% target. This reduction aims
January 10, 2025
Peru’s central bank cut its key interest rate to 4.75% as inflation slowed to 1.97% in December, well below the 2% target. This reduction aims
Colombian inflation stood at 5.2% YoY in December, exceeding the central bank’s target range for the fourth consecutive year. Despite this, core inflation slowed, and
Nigeria secured a USD 254.76 mln loan from the China Development Bank (CDB) to fund the 203-kilometer Kano-Kaduna railway project, part of the larger Lagos-Kano
Ghana’s newly-inaugurated President John Mahama nominated Cassiel Ato Forson, a former deputy finance minister, as finance minister. Forson aims to secure additional support from the
Egypt’s inflation slowed to 24.1% in December, its lowest level in two years, easing the path for an interest rate cut. While the rate remains
Cameroon will sign loan agreements with the EIB and the IDA. The EIB will provide EUR 43 mln for rural electrification, while the IDA will
Benin is preparing to issue its first Eurobond in 2025. The bond will have a 16-year maturity and is being arranged by Citigroup, J.P. Morgan,
Lebanon’s lawmakers elected army commander Joseph Aoun as president after more than two years without a leader. Aoun, a US-backed candidate, received more than two-thirds
In the breakaway Transnistria region of Moldova, the energy crisis deepened, with authorities saying they have less than a month of gas left. Russia cut
Georgia plans to boost gas imports in 2025, with Azerbaijan, the largest supplier, increasing flows, and Russian imports projected to double in volume. Meanwhile, Russia
Azerbaijan’s President Aliyev has made provocative comments about Armenia, to which Armenian PM Pashinyan said this may be an attempt to “legitimize” a new escalation
The Armenian government approved a bill starting the process of EU accession, while the PM added that a decision could only be made through a
Future US Special Envoy on the Russia-Ukraine conflict Kellogg has commented on creating conditions for trilateral dialogue, and said that Trump “does not intend to
Hungary criticized Kyiv’s proposal to suspend Russian oil and gas supplies transiting through Ukraine. Gas transiting from Russia through Ukraine had already stopped at the
The Philippines’ central bank governor noted that the bank remains open to reducing interest rates further to stimulate economic growth. The bank has already cut
India’s government acknowledged a miscalculation in import figures for precious metals, particularly gold, which led to an inflated trade deficit and a sharp depreciation of
The People’s Bank of China announced the suspension of its sovereign bond purchases due to weak economic growth and low demand for bonds. This move
Crude oil prices rose above USD 74/barrel on Friday, building on the previous session’s gains amid expectations of stronger demand. Prolonged cold weather across the