Day: April 1, 2025

Colombia

Colombia’s central bank held interest rates steady at 9.5%, citing concerns over accelerating inflation and the largest fiscal deficit since the pandemic. Inflation rose for

Brazil

According to JP Morgan, Brazil’s real continues to outperform the Mexican peso, driven by a higher interest rate in Brazil (14.25%) compared to Mexico, where

Russia

Brazilian President Lula da Silva is set to meet with Russia’s Putin in Moscow and China’s Jinping in Beijing in May. This marks his first

Zambia

Zambia’s inflation rate has peaked, with annual consumer price growth dropping to 16.5% in March. The country’s finance minister, Situmbeko Musokotwane, anticipates inflation to fall

Mozambique

Mozambique’s dollar bonds dropped for a fourth consecutive day after Moody’s downgraded the country’s local currency debt rating to Caa3 from Caa2, citing severe liquidity

Kenya

Kenya’s annual inflation rate rose to a six-month high of 3.6% in March 2025, up from 3.5% in February. However, inflation remained below the central

Serbia

Serbia’s industrial production fell 1.8% YoY in February, down from a 0.4% expansion in January. Meanwhile, President Vucic has said the economy probably grew 3%

Albania

The Bank of Albania bought a record EUR 933 mln in currency interventions in 2024, to stabilize the Euro/Lek exchange rate, more than triple the

Ukraine

Ukraine’s current account widened to USD 2.53 bln in February, from a revised USD 2.35 bln in January, according to the central bank. Further, the

Ukraine

US President Trump said he is “very angry” at Vladimir Putin for stalling the Ukraine ceasefire plan, and threatened secondary sanctions on buyers of Russian

Myanmar

Thailand’s manufacturing activity returned to contraction in March, as the S&P Thailand Manufacturing PMI dropped to 49.9, below the neutral 50-mark that separates growth from

Pakistan

Azerbaijan has offered Pakistan over USD 1 bln in a loan to fund the USD 1.2 b;n Sukkur-Hyderabad motorway project. This offer came after PM

Nepal

Nepal’s National Statistics Office (NSO) projected a 5.1% GDP expansion for the second quarter of FY24/25, driven by growth in the transport, construction, and agriculture

Saudi Arabia

Sales of green bonds from emerging markets have fallen by about a third in 2025, reaching USD 8 bln, the slowest start to a year

China

US officials are set to submit a report on China’s compliance with the “Phase One” trade deal, under which China was committed to purchasing an

Russia

Crude oil prices rose to around USD 71.6/barrel on Tuesday, continuing a two-day gain and nearing a one-month high. The rise is fueled by concerns