Tellimer Research

After last month’s surprise rate cut and last week’s sacking of three MPC members, the CBRT has doubled down on its accommodative shift with a 200bps rate cut today. This compares to the Bloomberg consensus of 100bps, with many forecasters projecting...

With the NGN still under fire, there finally seems to be some momentum for FX liberalisation. Based on the current Brent oil price (US$85/bbl) and refinery margin (US$10.84/bbl), and assuming an FX-denominated freight, storage and landing cost of 10%...

President Uhuru Kenyatta announced that borrowers with non-performing loans of under KES5m will not have their records listed with the credit reference bureau (CRB) for the next 12 months. As of August 2021, the overall NPL ratio in the industry was ...

At the IPO price of GBP13.98 per share, e-finance was effectively priced at around the mid-point of global emerging markets digital payments peers and Egypt’s Fawry, which had listed in 2019. Nevertheless, e-finance’s valuation now leaves very little...

USR, which withdrew its support from the former ruling coalition in September, failed to secure a parliamentary vote of confidence for its cabinet on 20 October. Either there is a reconciliation among Romania's relatively market-friendly, more libera...

The purpose of COP26, the UN Climate Change Conference from 31 October to 12 November, is for countries to update their national targets ("nationally determined contributions" or NDCs) to close the gap between the shared ambition of the 2015 Paris Ag...