Economy

Our view that Mongolia's central bank will continue to tighten policy is playing out following the bank's 25 basis point hike to 11.75% in August. Although inflation will remain elevated... 2011-09-27

Armenian industrial production growth slowed to 10.2% year-on-year in July, down sharply from 24.7% in June and below the year-to-date average of 12.2%, suggesting that a downtrend... 2011-09-27

Although we see growing risks to global demand for crude oil, we expect oil prices to remain relatively well supported for the time being, which should continue to favour the Russian... 2011-09-27

Following the government's decision to freely float the Belarusian ruble in late August, we expect consumer price inflation to continue heading higher over the coming months, and our... 2011-09-27

Monetary easing in Armenia has further to run after the central bank began lowering the refinancing rate by 50 basis points in September to 8.00%. With inflationary pressures rapidly... 2011-09-26

According to the most recent data released by the National Bank of the Republic of Belarus, the country's current account deficit has started to show signs of correction and this is... 2011-09-26

Industrial production (IP) growth rang in at 9.6% year-on-year (y-o-y) in August, up from 8.7% in July, driven higher as increases in mining and manufacturing activity off-set a slowdown... 2011-09-23

We have lowered our real GDP growth forecast for Armenia to 3.4% and 2.0% for 2011 and 2012 respectively, down from our previous forecast for 6.2% and 5.8%. Even taking into account... 2011-09-22

We have revised our forecast for Tajikistan's currency, the somoni, to end the year at TJS4.8500/US$, bringing the average to TJS4.6266/US$. The unit has continued to depreciate against... 2011-09-21

We forecast Kyrgyzstan's economy to expand by 4.1% in 2011 and 5.2% in 2012, however, we note that given the recent run up in gold prices in the face of ongoing global uncertainty and... 2011-09-21