At its meeting on 25 August, the National Bank of Kazakhstan (NBK) lowered its base rate to 16.50% from 16.75%....
Latest Global Economic News
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Kazakhstan: NBK cuts rates for the first time since 2020 in August -
Thailand: GDP growth loses steam in Q2 GDP growth moderated to 1.8% year on year in the second quarter, from a downwardly revised 2.6% in the first... -
Turkey: Business confidence deteriorates in August Business confidence fell to 105.0 in August from July’s 106.8. August’s result marked the worst performance since February 2023. Despite... -
Germany: Business confidence declines for third consecutive month in August Business confidence fell to 85.7 in August from July’s 87.4. August’s result marked the worst reading since October 2022 and... -
Brazil: Current account posts deficit in July Brazil’s current account recorded a USD 3.6 billion deficit in July, improving from the USD 5.3 billion shortfall posted in... -
Malaysia: Inflation falls to lowest level since August 2021 in July Inflation came in at 2.0% in July, down from June’s 2.4%. July’s reading marked the lowest inflation rate since August... -
Turkey: Central Bank shocks markets with aggressive rate hike in August On 24 August, the Central Bank of the Republic of Turkey (CBRT) raised its one-week repo rate from 17.50% to... -
Indonesia: Central Bank stands pat again in August At its monetary policy meeting on 23–24 August, Bank Indonesia (BI) left the seven-day reverse repo rate unchanged at 5.75%... -
Lithuania: Industrial activity swings into contraction in July Industrial production collapsed 9.0% year on year in July (June: +6.9% yoy). The downturn was largely due to drops in... -
France: Business confidence deteriorates in August Business confidence fell to 99.2 in August from July’s 100.0. August’s result marked the worst reading since April 2021. As...