June 16, 2023/OilPrice.com Michael Kern, Oilprice.com Oil markets got some rare good news out of China this week, with Beijing loosening monetary policy and issuing new import quotas for refiners, boosting hopes that the country’s oil demand will bounce back. Friday, June 16th, 2023 For the first time in many […]
OPINION/EDITORIAL
Monetary Policy Re-think May Drive Re-evaluation of Naira Assets
June 15, 2023/CardinalStone Event: The Central Bank of Nigeria (CBN) announced the abolition of segmentation in Nigeria’s FX market, with all segments effectively collapsed into the Investors and Exporters (I&E) window with immediate effect. Operations in the window will be guided by the extant circular establishing the window, dated April […]
South Africa’s Economy Loses Momentum Amid Record Power Cuts
Photo Credit: RobF73/iStock by Getty Images IMF COUNTRY FOCUS June 15, 2023/IMF By the South Africa Team, IMF African Department Newly released data shows the South African economy grew by 0.4 percent between January and March this year. Crippling power cuts, volatile commodity prices and a challenging external environment have contributed […]
