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Turkey’s currency is likely to depreciate in 2023

Location:

TURKEY

The stability of the lira since June 2022 is primarily a result of President Recep Tayyip Erdogan’s government shoring up the currency despite cutting interest rates. The…

Nigerian economic plan will sidestep difficult choices

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NIGERIA

Recently, the IMF published its annual country surveillance report on Nigeria, which warned of serious consequences from “insufficient” policies proposed in the government’s newly…

Inflation adds to Brazil’s multiple economic woes

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BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…

Egypt's economy will stand on firmer ground

Location:

EGYPT

Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…

Search for quality assets drives world reserves

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INTERNATIONAL

Global reserves outlook.

Kenya's fiscal position could face multiple pressures

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KENYA

KENYA: Fiscal positions could face multiple pressures

Very high inflation may be the new normal in Turkey

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TURKEY

As state-owned banks apparently intervene to support the lira, the Treasury and Finance Ministry has proposed issuing domestic bonds with yields linked to the revenues of state…

Risks are high despite Turkey’s policy 'normalisation'

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TURKEY

With the lira at a record low, the Central Bank continued to tighten monetary policy this week, funding the market through competitive one-month repo tenders at rates of around…

China's woes will hit South-east Asia's economies

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SOUTH-EAST ASIA

China's currency depreciation and the effect on South-east Asian economies.

COVID-19 shocks point to recession in Latin America

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LATIN AMERICA

The economic impact of COVID-19.