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Country Insights
The Senate approved appointments to regulatory agencies, tensions between the US and South America continue to escalate, and the Senate may vote on the court-ordered debts proposal
As expected, the Senate approved appointments to the boards of several regulatory agencies. These appointments had been stalled for months. Tensions between the United States an...
Budgetary amendments hint inflation to remain elevated in 2H25
As the Kazakh economy grows fast, budget revenues not related to the oil price (and the exchange rate) grew steadily in July, especially on the local level. In 7M25 local budget...
Bank of Israel expected to hold rates tomorrow; window for Q4 easing exists
The Bank of Israel is expected to announce its key policy rate decision tomorrow (Wednesday, August 20). We do not expect a rate cut at this meeting. Why wait: Headline inflatio...
The new Chevron authorization has no impact on inflation
We revise our inflation forecasts upward from our July report due to the acceleration in the pace of official exchange rate depreciation starting in August, which we interpret a...