On 15 May, the median price of the People’s Democratic Republic of the Congo was 6.9654, down by 173 points, depreciated to the lowest since 10 March 2023. The median price at the previous transaction date was 6.9481, with 6.9506 on the date of the transaction.

In June, UNMSC maintained a troop-to-force probability rate of 85.6 per cent.

CME “AMS observation”: the average rate of interest maintained by UNPF in June was 85.6 per cent, plus an average of 14.4 per cent for 25 basis points; the probability of maintaining interest rates at current levels was 62.6 per cent by July, with a cumulative rate of 27.6 per cent at 25 base points, plus an average of 9.8 per cent at 25 basis points.

Medium: a possible rebound in short-term United States dollars

During the new week, the foreign exchange market will continue to focus on the movement of small and medium-sized banking and debt caps in the United States, and the economic data of Central America and Europe will also be an important sign of a further global slowdown. We believe that the rise in averted sentiments may affect the United States dollar in the short term. Improvements in risk preferences require a clearer shift in monetary policy from UNPF, or improvements expected from the Chinese and European economies. We believe that, over time, both of these conditions tend to be gradually met. We therefore maintain the long-line view of the United States dollar, despite the possible reversal of the short-term dollar.

World Bank President: The risk of United States debt default exacerbates the global economic dilemma

The Director of the World Bank, Malpasse, stated that the risk of United States debt default was exacerbating the problems facing the global economy and that rising interest rates and higher debt levels had stifled investments needed to boost output growth.

Malpasse stated during Japan’s participation in the Group of Seven (G7) Finance Officers meeting that “it is clear that the plight of the world’s largest economy (United States) is unfavourable for all. If this is not addressed, the consequences will be worse.” Global economic growth is expected to fall below 2 per cent in 2023 and may remain low in several years. One of the major challenges is that the developed economies have so much debt, requiring substantial capital to repay and leaving too little investment to developing countries.

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