Mexico
Mexico cut its key interest rate by 25 bps to 7.75%, citing improved disinflation and stronger Q2 growth, but emphasized a cautious outlook due to
August 8, 2025
Mexico cut its key interest rate by 25 bps to 7.75%, citing improved disinflation and stronger Q2 growth, but emphasized a cautious outlook due to
Costa Rica registered annual deflation of 0.61% in July 2025, the sharpest drop since Oct. 2024, driven by falling prices in transport, telecoms, and clothing;
Nigeria completed its forensic audit into unresolved forward FX contracts, refunding banks in naira for unverified transactions while confirming all validated FX deals were paid
Mozambique saw a 51% surge in foreign exchange sales by commercial banks in Q2 2025 to USD 1.85 bln, outpacing purchases and marking a strong
Malawi was declared in default by the IMF on USD 903 mln in loans to Afreximbank and TDB, with USD 669 mln in arrears; Afreximbank
Egypt reported a rise in net foreign assets (NFAs) to EGP 741.8 bln in June 2025, up from EGP 732.6 bln in May and EGP
Central African Republic resisted Russia’s push to replace Wagner with the state-run Africa Corps, preferring Wagner’s effectiveness and mineral-for-services payment model over Moscow’s cash-based demand.
Serbia’s central bank kept its key interest rate unchanged at 5.75%, prioritizing inflation control as annual inflation rose to 4.6% in June, above its upper
The National Bank of Moldova has cut its base rate by 25bp to 6.25%, citing improved domestic indicators and forecasts for continued inflation reduction, despite
Albania’s central bank kept interest rates unchanged at its policy meeting, citing steady economic growth, low inflation, and strong financial stability. Governor Gent Sejko emphasized
President Trump and Russian President Putin are finalizing plans for a meeting in the coming days, with a venue agreed upon but not yet disclosed,
Pakistan met only 2 of 5 key IMF fiscal conditions ahead of its second review, missing revenue and provincial surplus targets but achieving the crucial
Laos requested discounted fuel supplies and deeper trade and investment ties from the UAE to ease domestic shortages and offset a USD 557 mln diesel
India held its policy rate steady as expected, saying economic momentum remains solid, but warned of risks from upcoming 25% US tariffs and inflation pressures
China had its A+ sovereign rating affirmed by S&P, which cited strong fiscal stimulus and expected a return to 4%+ growth; the agency warned that