Kazakhstan’s tenge depreciation roulette: seasonal, speculative or fundamental?

Currency has suffered a run of new lows. Analysts are divided on why and where it will stabilise.

Czech National Bank keeps interest rate at 3.5%

Regulator expects inflation to oscillate above 2% for the remainder of the year.

Czech industry maintains slight growth of 0.2% y/y in June, while construction booms by 14% y/y

Local analysts do not expect a significant revival in the country’s industrial production as international trade is projected to remain unstable in the second half of 2025.

Romania expected to hold policy rate at 6.5% until at least Q1 2026

Analysts forecast no change to policy rate at August 8 rate-setting meeting given inflation pressures from recent fiscal adjustments.

Retail sales growth in Romania slows to 1.8% y/y in Q2

Slowdown follows a sharp expansion in 2024 and comes ahead of fiscal and budgetary reforms expected to weigh on household consumption.

Hanoi’s economy booms with record foreign investment

Hanoi continues to solidify its position as the driving force of Vietnam’s economy, recording robust growth in the first seven months of 2025, despite ongoing global uncertainties.

Reserve Bank of India holds repo rate at 5.5% amid rupee pressure and US tariff threats

The Reserve Bank of India has kept the repo rate unchanged at 5.5% as the rupee continues to weaken under pressure from renewed US tariff threats.

Cambodia maintains nearly 6% growth despite global challenges

Cambodia’s economy expanded by 5.9% in the first half of 2025, supported by strong growth in manufacturing, tourism, and agriculture, according to the National Bank of Cambodia.

Hungary's industry remains deep in recession with no end in sight

The continued slump was largely driven by weak external demand, while structural issues in the automotive sector, Hungary's key industrial segment, have further amplified the downturn.

Kazakhstan’s service sector expansion continued in July despite rising input costs, PMI shows

Seventh consecutive month of growth. New orders rose sharply amid strong demand.

Russia’s manufacturing sector PMI suffers sharpest output drop since 2022 to 47.8 in July

US effective tariff rate at 17% after July duties adjustment - Fitch

The United States’ effective tariff rate (ETR) has settled at 17% following the latest reciprocal duty announcements on July 27 and July 31, according to Fitch Ratings.