Day: March 4, 2025

Mexico

The Mexican peso fell to 20.7 per USD, its lowest in a month, after Trump confirmed 25% tariffs on Mexican goods. The tariff decision, linked

Honduras

Honduras’ CPI increased by 1.15% in February, mainly driven by a rise in school costs and transportation prices. Still, prices have been moderated by the

Nigeria

Nigeria and the UN’s Sustainable Energy for All aim to raise USD 500 mln for a fund to finance distributed renewable energy projects like solar

Morocco

Morocco’s economy is projected to grow by 5.0% in 2025, up from 3.3% in 2024, driven by strong investment, supported by Bank Al Maghrib’s monetary

Ghana

Ghana’s central bank governor has suspended the gold-for-oil program and expects the cedi to stabilize after its volatility last year. Improved monetary and fiscal policy

Kazakhstan

Kazakhstan’s inflation rose to 9.4% YoY in February, up from 8.9% in the previous month, the highest reading in more than a year. The Kazakh

Azerbaijan

The World Bank forecasts Azerbaijan’s economic growth will slow over the coming years, as adapting to the energy transition will be challenging for the country.

Ukraine

President Trump has now said he thinks a deal over mineral revenues in Ukraine could still be possible, following an acrimonious meeting last week with

Pakistan

Pakistan’s inflation slowed to 1.52% in February, the lowest in over seven years. The central bank expects inflation to average 5.5%-7.5% for the year through

Malaysia

The Malaysian ringgit is expected to appreciate against the USD in 2025, reaching MYR4.23 (USD 0.95) per USD. However, the pace of this appreciation will

India

India’s GDP is expected to grow at 6.5% in 2024-25 and 2025-26, driven by strong private consumption and macroeconomic stability. Inflation is likely to converge

China

Trump’s comments on China’s currency policy strengthen the case for the PBoC to maintain its strategy of keeping the yuan stable. The PBoC has capped

Iran

OPEC+ plans to increase production in April, a move seen as bearish, with Citigroup forecasting Brent crude to fall to USD 60-65/bbl in the next

China

US 10Y treasury yields fell to around 4.15%, its lowest in over four months, as tariff concerns weighed on the US economy. US President Trump