Day: August 28, 2025

Guatemala

Guatemala’s monetary authority cut its benchmark rate by 25 bps to 4.25%, citing inflation below the 3%-5% target band and subdued forecasts. Officials revised 2025

Brazil

Brazil’s real weakened past 5.44 per USD as inflation pressures and a stronger dollar hit EM currencies. Mid-August inflation came in at 4.95% YoY, above

Argentina

Argentina’s government is defending the peso ahead of a debt auction to refinance ARS 9 tln in maturities. Authorities are selling peso notes and dollar-linked

Nigeria

Nigeria’s national oil company NNPC reported that pipeline theft has been nearly eradicated, with receipts approaching 100% and oil output rising to 1.8 mbpd, the

Kenya

Kenya is negotiating new borrowing from the Trade and Development Bank to refinance a KES 51.6 bln (USD 400 mln) syndicated loan maturing next month.

Jordan

Jordan will receive EUR 500 mln (USD 581 mln) in macro-financial assistance from the EU over 2.5 years, part of a EUR 3 bln partnership

Ghana

Ghana’s central bank scaled back its dollar sales after IMF concerns over excessive FX intervention. The bank had injected more than USD 2 bln into

Angola

UAE and Angola signed a comprehensive economic partnership agreement (CEPA) aimed at raising non-oil trade above USD 10 bln annually by 2033, while adding USD

Serbia

The US Treasury has postponed sanctions on Serbia’s Gazprom Neft–owned oil company NIS for another month, marking the sixth extension, while Serbian officials stress stable

Moldova

Germany, France, and Poland used a visit to Moldova to back President Maia Sandu and warn against rising pro-Russian influence in next month’s elections, stressing

Pakistan

Pakistan’s central bank purchased USD 7.76 bln from the FX market between June 2024 and May 2025 to stabilize reserves and the exchange rate. Interventions

India

India’s rupee stabilized near 87.61 per USD on Thursday after five consecutive sessions of losses, supported by suspected RBI dollar sales and a softer greenback.

India

India’s refiners, among the largest buyers of Russian crude, are planning to reduce purchases to 1.4–1.6 mln bpd from October, down from 1.8 mln bpd