Chile’s economy grew 4.9 percent in February from a year earlier, falling 0.2 percent in the month as agricultural production struggled, according to the country’s central bank.
Ecuador may buy back an extra $510 million of bonds in November after announcing a $740 million buy-back for May, finance minister Diego Borja said. The transaction would encompass all of the country’s 12% dollar bonds due 2012.
Russian inflation rose 0.8% in March from February, lower than the previous month’s 1.7% outturn. The decline will be welcome news for the central bank which has shown reluctance to allow a strengthening of the rouble.
The Turkish government will submit its candidate for central bank governor to the president this week, according to prime minister Recep Erdogan. A final decision is unlikely until the middle of this month.
Chinese premier Wen Jiabao suggested China may change its foreign exchange reserves strategy by indicating a more yield-driven approach to investment, according to remarks in the South China Morning Post
Indonesia’s central bank left its benchmark interest rate unchanged at 12.75 and cut its inflation forecast.