Russia’s CBR maintains key rate at 16%
19 hours ago
The place where the highest share of people continue to live in extreme poverty is Sub-Saharan Africa. As of 2019, the latest year available with the World Bank, more than a third of people in the region lived below the international poverty line (currently defined as subsisting on $2.15 per day). Some of the countries most affected by this were Madagascar, Malawi, the Democratic Republic of the Congo and South Sudan.
several countries in the Americas and Asia also have a high share of people who live below the poverty line, for example Honduras, Bangladesh and India, where extreme poverty affected between 10% and 13.5% of people as of the latest available data. In Haiti, this number stood even higher at 29.2% when data was last released in 2012.
Overall, in the Middle East and North Africa as well as in South Asia, the share of the population in extreme poverty had dropped under 10% previous to the Covid-19 pandemic. In Latin America and the Caribbean, it stood even lower at 4.7% as of 2021.
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Russia’s CBR maintains key rate at 16%
The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 16% at the policy meeting on April 26, making a third meeting in a row that the rate is maintained flat.
NBU cuts rates 100bp to 13.5% on falling inflation
The National Bank of Ukraine (NBU) lowered the key policy rate by 100bp to 13.5% on April 25 and improved its inflation forecast as price pressure ease.
Turkey keeps policy rate constant at 50%
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
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Slovak unemployment inched further down to 3.88% in March
There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.
Poland’s industrial production disappoints in March as output declines 6% y/y
Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.
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