Peru
Peru’s central bank held the policy rate steady at 4.75% amid uncertainty from US-China trade frictions. Inflation stands at 1.3% and is expected to rise
April 14, 2025
Peru’s central bank held the policy rate steady at 4.75% amid uncertainty from US-China trade frictions. Inflation stands at 1.3% and is expected to rise
Brazil’s annual inflation rose to 5.48% in March—the highest in two years—exceeding forecasts. Economic activity grew 0.44% MoM in February. The inflation spike may prompt
The World Bank confirmed USD 12 bln in financing for Argentina over three years, describing it as a vote of confidence in economic reforms. The
The IMF approved a USD 20 bln rescue program for Argentina, marking its 23rd bailout in 70 years. The plan under President Milei includes FX
Moody’s revised Zambia’s outlook to Positive from Stable and affirmed the Caa2 rating, citing a sustained debt reduction path driven by stronger growth, fiscal tightening,
Nigeria’s naira has weakened more than 5% vs. USD this month, making it the world’s second-worst performer. The central bank sold USD 198 mln last
Fitch upgraded Nigeria’s credit rating to B, citing improved policy credibility and reduced macro risks. The upgrade reflects reforms since June 2023, including FX liberalization,
Mauritius’ lawmakers will vote on an additional MUR 21 bln (USD 472 mln) in spending for FY through June, adding to the previously approved MUR
Guinea-Bissau is expected to post stronger growth driven by favorable terms of trade and private investment, according to the IMF. While GDP growth slowed from
Fitch affirmed Egypt’s long-term foreign-currency IDR at B with a Stable Outlook, citing strong external support, a large economy, and high growth potential. These strengths
The IMF reached staff-level agreements with Benin on the reviews of the EFF, ECF, and RSF programs. GDP growth is forecast at 7.5% in 2024,
Serbia’s annual inflation rose 4.4% in March, down slightly from 4.5% in February. FX reserves dropped by USD 265 mln in March to USD 28.5
Mongolia’s annual inflation slowed to 9.1% in March, down from 9.6% in the previous month. On a monthly basis, prices rose 0.3% in March, down
Kazakhstan’s central bank held interest rates at 16.5% during its policy meeting on Friday. The bank noted that inflation has accelerated but remains within the
Azerbaijan’s economy grew 0.3% in annual terms during Q1 2025, the statistics committee has announced. The oil and gas sector contracted 3.8%, while non-oil GDP
The Government of Vietnam reaffirmed its 2025 GDP growth target of 8% or higher, prioritizing macro stability and economic restructuring. The resolution notes that the
Tesla halted orders in China for its US-imported Model S and Model X vehicles due to rising US-China trade tensions. Only Model 3 and Model
China’s aggregate financing rose by CNY 5.89 tln in March, exceeding expectations amid a surge in government bond issuance to offset US tariffs. New loans
US stocks rallied on Friday, ending a volatile week on a strong note as hopes for a US-China trade deal boosted sentiment. The S&P 500