In January, economic activity grew a 3.0% year-on-year, accelerating significantly from December’s subdued 1.2% outturn and surprising market expectations on...
Latest Global Economic News
-
Peru: Economic activity improves at 2020 outset -
Argentina: Consumer confidence further down into pessimistic terrain in February The Universidad Torcuato di Tella (UTDT) consumer confidence index edged down to 42.7 in February from 43.0 in January. Therefore,... -
Brazil: Real slumps to fresh historic low in mid-March; depreciation shows no sign of abating The Brazilian real continued to plunge in March, topping the list as the worst-performing currency so far this year. The... -
Chile: Peso weakens in March as Covid-19 prompts emerging market sell-off The Chilean peso traded at an all-time low over the past month, as the escalation of COVID-19 epidemic rattled commodity-linked... -
Colombia: Colombian peso nosedives to record low in March, prompting response from authorities The Colombian peso dived sharply in early March amid the rapid spread of the coronavirus pandemic and the significant drop... -
New Zealand: RBNZ rushes to support the economy at extraordinary meeting in March On 15 March, at an extraordinary meeting, the Reserve Bank of New Zealand (RBNZ) decided to slash the official cash... -
Nigeria: Inflation rises for sixth month running in February Consumer prices rose 0.79% on a month-on-month basis in February, down from January’s 0.87% increase. The moderation was mostly driven... -
Chile: Central Bank slashes rate to its lowest point in nearly a decade in March as Covid-19 bites At a special meeting on 16 March, the board of the Central Bank of Chile (BCCh) slashed the monetary policy... -
Kazakhstan: Central Bank stands pat after hiking rates in previous meeting earlier in March At its 16 March meeting, the National Bank of Kazakhstan decided to maintain the base rate at 12.00%, its highest... -
India: Both consumer and wholesale price inflation slow in February Consumer prices dropped 0.73% in February compared to the previous month, after falling 0.13% in January. The fall was largely...