Day: August 1, 2025

Dominican Republic

The Dominican Republic’s central bank held rates at 5.75% for a seventh month, with inflation easing to 3.56% and growth remaining firm, supported by a

Colombia

Colombia kept its benchmark rate steady at 9.25% for a second straight meeting in a split decision, amid fiscal concerns and above-target inflation; President Petro

Zambia

Zambia’s real interest rate rose to a six-year high after inflation fell to 13%, opening room for a possible rate cut in August; the kwacha

Uganda

Tanzania and Uganda, alongside Ghana, face high exposure to gold-linked FX volatility if bullion prices drop, with gold accounting for over a third of each

South Africa

South Africa’s central bank cut its benchmark rate to 7%, the lowest since Nov 2022, signaling a new 3% inflation preference; bond breakevens fell sharply,

Kenya

Kenya’s inflation rose to 4.1% in July from 3.8% in June, driven by higher food costs; the central bank expects inflation to stay below its

Cote d’Ivoire

Ivory Coast planned to raise EUR 800 mln (USD 916 mln) in syndicated loans via Standard Chartered and Societe Generale to finance its 2025 budget,

Uganda

Ghana, Tanzania, and Uganda were identified by BMI as the most vulnerable in Africa to FX reserve shocks from a gold price drop, with gold

Uzbekistan

In Uzbekistan, annual inflation rose slightly to 8.9% in July, from 8.7% in June. Last month the central bank held interest rates at 14.0%, keeping

Serbia

Serbia’s economy grew by 2.0% YoY in Q2 2025, maintaining the same pace as in Q1. The slowdown from 2024’s 3.9% growth rate is attributed

North Macedonia

Fitch Ratings has warned that delays from the North Macedonian government in fully implementing the budget law, highlights ongoing fiscal uncertainty, despite maintaining the 2025

Georgia

Georgia’s GDP grew by 8.3% year-on-year in the first half of 2025, with growth slowing to 7.1% in Q2 from 9.8% in Q1. Despite the

Ukraine

Ukraine’s parliament passed a bill to restore the independence of key anti-corruption agencies, reversing a controversial law that had placed them under control of the

Sri Lanka

Sri Lanka’s central bank announced plans to raise daily digital transaction volume from 1.65 mln to 2.15 mln, launching public campaigns to boost awareness and

India

India reportedly considered increasing US imports of natural gas, gold, and telecom equipment to ease tensions following President Trump’s 25% tariff threat, opting against immediate

Bangladesh

Bangladesh’s central bank unveiled its H1 FY2025/26 monetary policy, targeting 5.5% GDP growth and 6.5% inflation, while stabilizing the exchange rate and curbing non-performing loans

Bangladesh

Bangladesh’s new exchange rate regime is a “transitional reform” aimed at achieving full flexibility over time, said IMF mission