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Events
Databanks
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Argentina databank Oct 28 -
Brazil Economics databank Sep 15
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Central America databank Oct 29
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Chile databank Oct 29
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China databank Mar 21
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Colombia databank Nov 6
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Dominican Republic databank Oct 21
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Ecuador databank Oct 23
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Gulf Countries databank Nov 7
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Hungary databank Oct 17
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India databank Jun 26
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Mexico databank Oct 21
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Panama databank Jul 17
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Peru databank Nov 4
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Philippines databank Nov 7
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Poland databank Nov 3
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Russia Economics databank Oct 16
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South Africa databank Nov 3
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Turkey databank Oct 27
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Ukraine databank Aug 15
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Venezuela databank Nov 3
NEWS FLASH
UPCOMING WEBINAR - CHILE ELECTION BRIEFING: AFTER THE GENERAL ELECTIONS...
COUNTRY INSIGHTS
Philippines inflation: establishing a downtrend?
PHILIPPINES · Report · 08 Jan 2024
The January 5 release of the December 2023 inflation rate report in the Philippines indicates another possible downtrend of the country’s price movements. The first episode occurred last year, when inflation fell from a peak of 8.7% in January 2023 and dropped consistently in the following months...
President Lula holds an event in defense of democracy, Pacheco should discuss the payroll tax relief issue, and Lula is expected to sanction the Multi-Year Investment Plan this week
BRAZIL POLITICS · Report · 08 Jan 2024
President Lula recalls the vandalism of public buildings that took place on January 8 last year in an event to be held today at the National Congress. The opposition believes the government should not be politicizing the event and released a statement last week criticizing what it called “the abu...
Could inflation surprise on the upside in 2024?
ISRAEL · Report · 08 Jan 2024
1. Policy rates were cut to 4.5% due to moderating inflation and a strong shekel; fiscal concerns were secondary. 2. We revised our inflation forecast up to 2.8% in 2024. 3. Higher shipping costs, pent-up demand, and a rebound in housing rentals are likely to push inflation higher.
Retail sales was trying to climb out of the ditch with moderate success in November
HUNGARY · In Brief · 08 Jan 2024
Retail sales grew by 0.8% mom in November, the best figure seen since March 2022, according to this morning's report by KSH. On fix basis (Dec 2010 =100), the volume of turnover developed as follows: The encouraging increase in November must have been greatly supported by the 3.1% compensatory in...
Will inflation surprise on the upside in 2024?
ISRAEL · In Brief · 07 Jan 2024
Rate cut on decelerating inflation Policy rate declined by 0.25% to 4.5% last Monday with the Bank of Israel noting that inflation has moderated significantly in recent months, the shekel has appreciated and other central banks are expected to loosen. The Governor noted that inflation y/y is expe...
New year, old agenda
TURKEY · Report · 07 Jan 2024
Our politics coverage starts with a preview of four major events that will define the course of Turkish politics. President Erdogan and nationalist ally Bahceli are likely to emerge victorious from end-March municipal polls, after which they will tackle the unfinished business of amending the con...
Japan offers to fund Ukraine air defense
RUSSIA / FSU POLITICS · In Brief · 07 Jan 2024
On January 7 the Japanese Foreign Minister made a surprise visit to Kyiv. She said that Japan will donate another USD 37 million so Ukraine can afford drone detection systems. These are important in air defense. The Foreign Minister's press conference was held in an underground bomb shelter due t...
EU sanctions Russian diamonds
RUSSIA / FSU POLITICS · In Brief · 06 Jan 2024
On January 3 the European Union announced an immediate ban on diamonds from the state-run Alrosa. Its CEO is also sanctioned, meaning his assets in the EU are frozen and he is unable to travel to the EU. Alrosa is the largest diamond mining company on the planet. The ban covers synthetic as well ...
GULF WEEKLY: Oman and Sharjah budgets, Kuwait GDP after a 2-year hiatus, Kuwait PM nominated, Saudi cuts diesel subsidies
GULF COUNTRIES · Report · 05 Jan 2024 · 2 responses
A skimmable summary overlaid with our analysis and links. This report covers the two-week period from December 23, 2023. Headlines: * Brent crude recovers to $79 on worries about Libya protests and Gaza-related tensions. * As the Gaza war continued, Israel and the US assassinated militants in...
German delivers arms to Ukraine
RUSSIA / FSU POLITICS · In Brief · 05 Jan 2024
On January 4 Ukraine announced that it has received a Skynex anti-aircraft system, missiles for Patriot air defense systems, ammunition for Leopard tanks, radars, drone, detectors, trucks, anti-aircraft guns and small arms and ammunition. Berlin said it will double military aid to Ukraine in 2024...
TOPIC OF THE WEEK: Current account improvement in late 2023 signals less external pressure in 2024
CAUCASUS / CENTRAL ASIA · Report · 05 Jan 2024
The publication of current account data for the CCA economies for 3Q23 lends support to our view expressed in the previous CCA Weekly, in which we argued that the main deterioration of external positions in the region may be behind us. Improving CAs in 2022 were chiefly driven by copious net mone...
Ukraine struggles to recruit troops as draft proves controversial
RUSSIA / FSU POLITICS · In Brief · 05 Jan 2024
In 2022 Ukraine had plenty of volunteers for its military. But the war shows no sign of ending in 2024, and tens of thousands of military deaths have meant that few men are volunteering. They are demoralized by the defeat of the counter-offensive. Russia has almost 4 times the population of Ukrai...
Finance Minister Contreras resigns
PERU · In Brief · 04 Jan 2024 · 3 responses
This morning Finance Minister Contreras submitted his letter of resignation to President Dina Boluarte. In his letter he mentioned "lack of transparency," presumably from the presidency. Apparently, President Boluarte had been looking for a replacement since late December and had met with former ...
Largely good news on government finances
HUNGARY · In Brief · 04 Jan 2024 · 1 response
Yesterday's sale of $2.5bn of 12-year USD-denominated bonds by ÁKK was met by good demand, and pricing was significantly more favourable than a year ago. The new bonds were based on a $5.8bn book, and the yield came out at 5.74%, 180bps over the US Treasury bond expiring in November 2033. Last Ja...
Ukraine bombards Russian city
RUSSIA / FSU POLITICS · In Brief · 04 Jan 2024
On January 3 Russia said that Belgorod was attacked by a Ukrainian missile. The city is close to the Ukrainian border and was hit by Ukrainian fire several times in December 2023. Russia regards these as terrorist attacks. Russia claims to have shot down a lot of Ukrainian missiles over Belgorod,...