The South African rand (ZAR) sank to a record low against the U.S. dollar in March, under pressure from the...
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South Africa: Rand slumps to new all-time low as coronavirus fears bite -
Uruguay: Full-year growth slumps to 17-year low as economy cools at year-end The economy grew just 0.2% year-on-year in the final quarter of 2019, after expanding 1.1% in the third quarter. Meanwhile,... -
Angola: Cabinda crude oil prices nosedive in February; Angolan oil production remains subdued The average price of Angola’s Cabinda crude plunged to an over one-year low of USD 57.3 per barrel (pb) in... -
South Africa: Moody’s skeptical over new budget which sees fiscal deficit widening to 28-year high In the annual budget presentation on 26 February, the government presented spending plans which sees the budget deficit ballooning to... -
Mexico: Banxico slashes key rate and unveils liquidity measures in March to combat coronavirus impact In a surprise out-of-cycle meeting on 20 March, the Governing Board of the Bank of Mexico (Banxico) decided to slash... -
Mexico: GDP shrinks in Q4 2019 on weak domestic and external demand Expenditure-based national accounts released by the Statistical Institute (INEGI) on 20 March confirmed that output fell 0.5% in year-on-year, unadjusted... -
Romania: NBR cuts rates in emergency meeting in March; points to QE program In an emergency meeting held on 20 March which took market analysts entirely by surprise, the National Bank of Romania... -
Thailand: Bank of Thailand lowers policy rate in emergency meeting On 20 March, the Monetary Policy Committee of the Bank of Thailand (BoT) held an emergency meeting and opted to... -
Panama: Economic activity inches up in January The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) rose 2.7% year-on-year in January, accelerating from the... -
Ukraine: Growth falls to near four-year low in Q4 2019 GDP growth fell to 1.5% year-on-year (yoy) in the fourth quarter of last year (Q3: +4.1% yoy), marking the weakest...