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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
Bi-Weekly Economic News Summary
KAZAKHSTAN · In Brief · 27 Oct 2022
Oct 14 Samruk-Kazyna: The IPO of the Kazakh airline Air Astana is planned for 2023-2024 President: Mr. Tokayev sees the potential for an increase of Kazakhstan's exports to Central Asian states by $1 bln, to Russia by more than $1 bln annually Oct 15 President: Kazakhstan is ready to increase gas...
The Russian industrial growth to be in the red in 2022
RUSSIA ECONOMICS · In Brief · 26 Oct 2022
Rosstat reported that the Russian industrial output was up by 0.4% y-o-y in 9M22. Even though y-o-y growth was less negative in 3Q22 (-1.3%) than in 2Q22 (-2.5%), it looks as though in 4Q22, the contraction is likely to deepen, and in 2022 as a whole, industrial output will contract. In September...
Russia holds nuclear drills
RUSSIA / FSU POLITICS · In Brief · 26 Oct 2022
On October 26 the Kremlin said that strategic nuclear deterrence forces are holding drills. Putin was shown supervising them from a control room as they drills took place in the Barents Sea and the Russian Far East. The Defense Minister said this simulated a massive nuclear attack to retaliate ag...
200,000 foreigners seek Kazakh ID numbers
RUSSIA / FSU POLITICS · In Brief · 26 Oct 2022
On October 26 it was announced by the Kazakh government that these foreign citizens are seeking a Kazakh ID so they can open bank accounts, ever since September 21, when Russia called up to 300,000 draftees. Most of the 200,000 are Russians and Belarusians. Kazakhstan has a very long border, and ...
Adjustment, recession and disinflation
HUNGARY · Forecast · 26 Oct 2022
Preparing a well-argued, credible macro forecast is a highly challenging task these days because of the unusually high risk associated with geopolitical factors. Regarding the latter, we treat a further major escalation of the Ukrainian war, and a fundamental destabilization of Europe’s energy si...
SA Medium Term Budget Policy Statement (MTBPS)
SOUTH AFRICA · In Brief · 26 Oct 2022 · 1 response
In today's much anticipated Medium Term Budget Policy Statement, South Africa's Minister of Finance tabled a medium term strategy meant to deal with some of the country's chronic fiscal uncertainties. Amongst them were Eskom's massive R400 billion debt, the Public Sector wage bill, the rising pre...
The distance between Lula and Bolsonaro is now five percentage points, Bolsonaro’s campaign submitted the document to the TSE regarding his advertisements on radio, and the Senate approved a bill for the nursing salary floor
BRAZIL POLITICS · Report · 26 Oct 2022
The poll published this morning by PoderData shows that former President Lula gained one point. Two more polls will be published today, one from Brasmarket and another from Quaest/Genial. Yesterday, President Bolsonaro's campaign submitted to the Superior Electoral Court (TSE) the report pertaini...
The National Bank raises the key rate by 150 bps
KAZAKHSTAN · In Brief · 26 Oct 2022 · 1 response
The National Bank announced that it raised the key rate to 16%, i.e., by 150 bps. Last time the regulator raised the key rate at the end of July, while in early September, it kept it unchanged. The interest rate corridor remained unchanged, implying that the regulator will apply a 17% charge to s...
Russia pessimistic about new UK Prime Minister
RUSSIA / FSU POLITICS · In Brief · 25 Oct 2022
On October 25 Rishi Sunak became the British Prime Minister. Putin's spokesman said it perceives ''no hope'' or warmer ties with the UK under the new PM. Nevertheless, the spokesman said that Russia is open to talks. A Kremlin spokesman lacerated the outgoing British PM Liz Truss as ''a disgrace'...
Reached the summit
CHILE · Report · 25 Oct 2022
The monthly variation of the seasonally-adjusted August IMACEC came in at 0.6%, the first positive figure in five months, and above that of the most optimistic analyst in the Bloomberg survey. But it turns out that the gains were due to a positive one-off effect in services. Various indicators, s...
Russia sovereign debt: Minfin returns to the primary market
RUSSIA ECONOMICS · Report · 25 Oct 2022
After a month-long pause, the Russian Ministry of Finance returned to the primary debt market, placing OFZs totaling R50 bln last week. However, it would be a big stretch to call it a success, because the borrower was forced to offer double-digit yields on fixed-rate paper and, in addition, it pl...
Monetary Council kept all policies unchanged today
HUNGARY · In Brief · 25 Oct 2022
At this month's regular rate-setting meeting, all policies were upheld with no change today. This means the O/N deposit rate at 18%, the O/N repo rate at 15% and the base rate at 13%. The Council's statement effectively repeated what was said in the Q3 inflation report, published in late Septembe...
The surprising end of the Party Conference
CHINA ADVISORY · Report · 25 Oct 2022 · 1 response
China’s Party Conference ended with a bang in two ways: the clear selection of Politburo Standing Committee (PSC) members in Xi Jinping’s camp, and the unprecedented removal of former Party head Hu Jintao from the Party Conference. In this report I discuss the significance of these two acts. F...
Bolsonaro filed a lawsuit at the TSE claiming he had fewer ads than Lula, the TCU ordered the Caixa to speak on the payroll-linked loans it granted as part of the Auxílio Brasil program, and Henrique Meirelles and Persio Arida support Lula
BRAZIL POLITICS · Report · 25 Oct 2022
The Superior Electoral Court (TSE) maintained the suspension of Jair Bolsonaro's ads on radio and TV and transferred them to former President Lula as a right to reply to Bolsonaro's accusations. Upon receiving Bolsonaro’s lawsuit, the president of the TSE, Alexandre de Moraes, gave the campaign 2...
Politics: The drive toward increasing militarization and the risks posed to democracy
MEXICO · Report · 25 Oct 2022
The national political environment has deteriorated considerably since the beginning of September, when Congress approved unconstitutional bills designed to formally shift control over the National Guard to the Ministry of Defense. The military is increasingly in command of activities traditional...