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Events
Databanks
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Argentina databank May 13 -
Brazil Economics databank Apr 14
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Central America databank May 1
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Chile databank Apr 7
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China databank Mar 21
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Colombia databank May 12
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Dominican Republic databank Apr 28
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Ecuador databank Apr 22
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Gulf Countries databank May 16
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Hungary databank Apr 22
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India databank Apr 28
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Mexico databank May 12
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Panama databank May 13
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Peru databank Apr 28
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Philippines databank May 8
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Poland databank Apr 29
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Russia Economics databank May 12
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South Africa databank May 6
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Turkey databank Apr 24
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Ukraine databank May 12
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Venezuela databank May 5
NEWS FLASH
WEBINAR - LATIN AMERICA: FISCAL PRESSURES AND POLITICAL SHIFTS...
COUNTRY INSIGHTS
The possibility of declaring a state of emergency to contain fuel prices is being discussed, the Senate approved a bill that allows the Aneel to lower electricity bills, and President Bolsonaro will travel to the U.S. next week
BRAZIL POLITICS · Report · 03 Jun 2022
President Jair Bolsonaro met with ministers to discuss a possible state of emergency to contain the increasing fuel prices in an election year. Some in the government defend the measure, but it has no support among the economic team. It is important to note that for a state of emergency to be dec...
Better than expected, but bad enough
TURKEY · Report · 03 Jun 2022
Consumer prices rose by 3%, m/m, in May, notably lower than the market consensus of around 4.5% (and our even slightly higher forecast), but the 12-month rate nevertheless edged up further to 73.5%, from 70% in April. Monthly Domestic-PPI inflation remained hugely elevated at 8.8%, with the 12-mo...
Russia ends nuclear cooperation with Norway
RUSSIA / FSU POLITICS · In Brief · 03 Jun 2022
On June 2 the Russian nuclear agency (Rosatom) said it will no longer work with Norway. Norway and Russia have been cooperating since 1993. Norway paid EUR 2 billion to Russia to help Norway secure nuclear dumps and upgrade safety at icebreaker factories and power plants. Norway ended financing f...
Russian political/pandemic update: coronavirus retreats, politicians advance
RUSSIA ECONOMICS · Report · 02 Jun 2022
A hundred days ago, on February 24, Russian troops entered Ukraine, and this day became a historical milestone that marked the beginning of a rapid rupture of economic, political, and cultural ties between Russia and the West. Since then, the EU has announced six packages of sanctions against Rus...
Russia: a brief market watch
RUSSIA ECONOMICS · In Brief · 02 Jun 2022
As the oil prices remain high (be it Brent or Urals which differ from each other by around $35/bbl) while Russia’s imports have seemingly collapsed on the back of western restrictive sanctions and shrinking domestic demand, the ruble strengthened and fluctuated around R/$60, which is a too strong...
Russia mulls new court
RUSSIA / FSU POLITICS · In Brief · 02 Jun 2022
On June 1 the head of the Association of Russian Lawyers said that Russia is coming up with an alternative to the European Court of Human Rights (ECHR). ECHR was set up by the Council of Europe in 1950. Russia was expelled from the Council of Europe due to the invasion of Ukraine. Russia wants to...
Sterilisation rate hike as promised, and an unexpected new conflict with the EU
HUNGARY · In Brief · 02 Jun 2022
Today's 30 bps sterilization rate hike, to 6.75%, was announced by the MNB already two days ago, and it was of the same size as the monthly increase following the previous rate-setting meeting one month earlier. So the immediate market impact was understandably small: the forint has strengthened ...
The PSDB postpones its decision on Senator Tebet’s candidacy, oil workers threaten to strike if the government sends a bill to privatize Petrobras, and Minister Mendonça holds a conciliation hearing on collection of the single-phase ICMS tax
BRAZIL POLITICS · Report · 02 Jun 2022
The PSDB should decide next Thursday, June 9, whether it will support Senator Simone Tebet’s presidential candidacy. Regional alliances are holding back these negotiations. And, once again, the party is considering launching its own candidacy. Today, oil workers are mobilizing across the country ...
Pandemic statistics update - June 2, 2022
CHINA ADVISORY · Report · 02 Jun 2022
China film box office revenue remains substantially below year-ago levels, although the variability over the past several weeks shows the confused situation of the Covid control measures. Traffic data for Shanghai and Beijing is inconsistent.
Economy contracts in April m-o-m, albeit unevenly by sectors and not as much as was expected earlier
RUSSIA ECONOMICS · In Brief · 01 Jun 2022
Rosstat reported that Russian industrial output contracted in April by 1.6% y-o-y, while it was still up by 3.9% y-o-y in 4M22. The mining sector was down in April by 1.6% y-o-y as well, and it was up by 5.9% in 4M22. The same figures for manufacturing are minus 2.1% for April and plus 3.2% for 4...
President Jair Bolsonaro only intends to participate in the run-off debates, the fuel price issue remains a priority for Bolsonaro, and Lira created a special committee to discuss the bill to modernize the energy sector
BRAZIL POLITICS · Report · 01 Jun 2022
President Bolsonaro said yesterday that he shouldn't participate in the first-round debates because all the other candidates will target him and he won't have time to respond. There are currently at least nine debates scheduled in the first round. He also stated that Petrobras cannot continue usi...
Bank lending to households shrinks in April
RUSSIA ECONOMICS · In Brief · 01 Jun 2022
The CBR reported that total outstanding household debt to banks decreased in April to R26.8 trln (including an insignificant part of credits in FX) from over R27.0 trln as of April 1, 2022 (i.e., by 0.9% m-o-m). It implied that banks granted fewer new credits than households repaid in April. In M...
Increase of 100 basis points in the monetary policy rate
DOMINICAN REPUBLIC · In Brief · 01 Jun 2022
The Central Bank decided yesterday to increase the monetary policy rate from 5.5% to 6.5% per year. Since November 2021, the rate has increased 350 bp, as part of the Central Bank's policy decisions to counter rising inflation. The rate of the permanent facility for liquidity expansion (1-day Rep...
Colombia slide presentation: Political pendulum and economic consequences
COLOMBIA · Report · 01 Jun 2022 · 1 response
Access the pdf file of the presentation from the GlobalSource Partners' webinar "Colombia: Political pendulum and economic consequences". Following the first round of Colombia's round of presidential elections, which has sent Gustavo Petro and Rodolfo Hernández to the run-off, Juan Carlos Ech...
Opposition Front: 2nd declaration for democracy leaves a lot to be desired
TURKEY · In Brief · 31 May 2022
The leaders of six parties constituting the Nation Alliance gathered a fourth time on 29 May, in a meeting that lasted over 7 hours. The end-result was a second declaration for restoring democracy in Turkey. While the declaration is a reasonable and thoughtful road map for re-democratization, it ...