The Central Bank of Peru announced a reduction in the country’s key interest rate to 7.25%, down by 25 basis points from 7.5% in September. In its October 2023 Monetary Policy Report, the bank clarified that the cut does not signal a trend of ongoing reductions. The decision came after considering multiple factors, including a […]
Related Posts
Eurozone Economic Activity Slows as Service Sector Weakens
The Eurozone’s economic landscape shifted in September as the composite Purchasing Managers’ Index (PMI) fell to 49.6. This decline signals a contraction in overall business activity across the region. The service sector, previously a stronghold of economic stability, showed signs of weakness with its PMI dropping to 51.4 from 52.9 in August. Germany, France, and […]
FDA’s MDMA Rejection Sparks Global Debate on Psychedelic Therapies
The FDA recently rejected MDMA as a treatment for post-traumatic stress disorder (PTSD). This decision surprised many, given the promising results from clinical trials and support from some psychiatric experts. MDMA, the active ingredient in ecstasy, has been studied along with other psychedelics like psilocybin and ketamine for mental health benefits. However, FDA experts found […]
Ethiopia Opens Real Estate Market to Foreign Investors
In a groundbreaking move, Ethiopia has decided to open its real estate market to international investors. Announced by Prime Minister Abiy Ahmed on March 23, this change ends a long-standing restriction on foreign property ownership. It’s a key part of Abiy’s plan to invigorate the economy through liberalization and foreign investment, a focus since his […]