Data
North Macedonia raises key interest rate to 4.25%
Inflation remains elevated, with increasing pressures from energy prices and core inflation pointing to continued upside risks.
Bank of Japan lifts rates 25 basis points to 31-year high
The move had been widely anticipated and followed rate increases by the European Central Bank and Indonesia’s central bank last week after the conflict fuelled higher prices and economic disruption worldwide.
Romania’s industrial output falls 3.0% y/y in April despite two-month recovery
The downturn was more pronounced in the core manufacturing sector, where output fell by 4.0% y/y.
Sri Lanka’s economy expands 5% in Q1
Gross Domestic Product at constant prices increased to LKR3.65 trillion ($11bn) during the January-March period, up from LKR3.48 trillion a year earlier. At current prices, Sri Lanka’s GDP rose 11% year-on-year
Inflation digs into Romanians’ wages
The average net wage in Romania increased by 3.5% y/y to €1,117 in April, failing to keep pace with consumer prices.
BSP rate rise expected as economists in Philippines differ on magnitude
Most economists surveyed expect the BSP to extend its tightening cycle to contain inflationary pressures. Four forecast a 50-basis-point increase, while five expect a smaller 25-basis-point move.
Turkey set to take $14bn hit from Hormuz crisis
Think tank Ember calculates cost to Ankara of energy shock caused by Iran war.
Turkey announces third straight hold on policy rate at 37%
Central bank was not moved to tighten by either developments in the Middle East conflict or the domestic political stress.
Most Russians are not closely following the war in Ukraine - Levada
Two thirds of Russians are no longer paying close attention to the war in Ukraine, according to the latest survey from the independent Levada Center, up from a third in March.
Putin makes a rare call for a rate cut
Russian President Vladimir Putin made a rare call for the Central Bank of Russia (CBR) to cut interest rates on June 11 for the first time since the Central Bank’s benchmark rate moved into double digits two years ago.
Where do deaths outnumber births? - OWID
For most of human history, more people were born each year than died. Populations grew very slowly for most of this history, then rapidly in recent centuries, as child mortality plummeted and people lived longer.
Moldova’s inflation steady at 6.8% y/y in May
Inflation accelerated earlier this year with the rise partly driven by fuel prices.
Romania’s public debt exceeds 60% of GDP for first time at end-March
European Commission expects Romania’s public debt to rise further to 61.6% of GDP at end-2026 and 63.4% by end-2027.
Czech inflation confirmed at 2.1% y/y in May
High fuel prices have not pushed up food prices in Czechia, but warned the Middle East conflict is expected to affect other categories.
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Supply chain disruptions are back at 2022 levels – Statista
Global supply chain pressures have risen again in recent months, returning to levels last seen during the height of pandemic-related disruptions, Statista reports.
Fitch cuts Poland’s 2026 GDP growth forecast by 0.3pp to 3.3%
Fitch Global Ratings cut its forecast for Poland’s economic growth in 2026 to 3.3% from 3.6%, citing weaker GDP data and lower external demand, the rating agency said on June 8.
The world's record heatwaves - Statista
According to NASA, there is “unequivocal evidence that Earth is warming at an unprecedented rate”, Statista reports.
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Fitch raises oil and gas sector outlook to improving on Hormuz closure price effect
Fitch has raised its 2026 oil and gas outlook to improving, lifting its Brent assumption to $87 on a five-month Strait of Hormuz closure, with prices seen at $100-110 before easing to $70 by September.
Global funds trigger "Sell Indonesia" shockwave, enforcing 36% IDX composite repricing
Data from the Indonesia Stock Exchange reveals that the Composite Stock Price Index or Indeks Harga Saham Gabungan has plunged more than 36% from its historical peak.
Inflation in Uzbekistan drops to 5.5% in May from 7% in April
Big factor is base effect caused by substantial price hikes in regulated utility tariffs 12 months ago.