The riel to USD exchange rate is expected to remain stable, but it will be changed next year, rising to 4,100 riel for $1.
Cambodia’s inflation was subdued in the first quarter of 2020 because of the impact of the COVID-19 outbreak, according to a World Bank report.
Eurozone inflation accelerated sharply in December to 1.3 percent.
Market observers are seeing more upside than expected in China’s economy.
The Central Bank forecasts the inflation rate will grow by 2.6 percent this year.
The Cambodian Labour Confederation yesterday said that it will propose $211.94 to be the new minimum wage for garment workers during this month’s negotiations.
Venezuela has remove five zeroes from the country’s currency – two more than originally planned – amid hyperinflation the IMF said could reach one million percent this year.
Trump’s tariffs will lop at most a couple of tenths of a percentage point off US growth.
Abenomics has successfully raised both growth and inflation for Japan, while challenges remain in sustaining the strong performance in the medium-term.
Borrowing costs in the euro area were flat to a touch higher.
Fed officials are debating whether to scrap their approach to inflation targeting.
Inflation in Cambodia last year reached 2.9 percent due to a moderate increase in the price of key commodities.
Workers’ average weekly earnings adjusted for inflation fell 0.4% year-on-year from August to October 2017.
The cabinet will hold a debate and is expected to approve the 2018 budget of $5.86 billion.
Stock markets have spent the year rising on bets of a resurgence in inflation.
A statistics official says inflation will have little impact on ordinary Cambodians.