CBR’s recent rate cut largely looks like a mistake

Aug 07, 2015 05:41 am UTC| Commentary

Falling oil continues keeping RUB under pressure and even the monetary policy doesnt help.Last weeks CBR decision to cut the key rate by 50bp to 11.0% clearly added to the vulnerability of the RUB and looks increasingly...

More volatility as Brazil hiking cycle ends and ratings outlook deteriorates

Aug 07, 2015 05:29 am UTC| Commentary

A worsening in the sovereigns external outlook should imply a weaker currency and a higher tolerance for heightened inflation in an environment in which Brazils growth picture looks uncertain."Additionally, the recent...

Turkey ratings outlook adds to political uncertainty

Aug 07, 2015 05:24 am UTC| Commentary

Snap election risk is now substantial as escalating internal and external security risks have inflamed Turkeys political rhetoric and already tense coalition talks between AKP and CHP.The increase in snap election risk is...

MYR vulnerable as fundamentals deteriorate

Aug 07, 2015 05:17 am UTC| Commentary

Lower oil, a high level of foreign ownership of local bonds, increased level of Malaysias offshore borrowing and the recent increase in political noise have all hurt the MYR relative to other Asia FX.Although recent...

Emerging Markets' C.banks to largely keep rates low

Aug 07, 2015 05:13 am UTC| Commentary

The recent fall in oil prices notwithstanding, the outlook around inflation has been improving of late. The trend in headline inflation (3m averages normalized) has largely bottomed in regions where central banks have...

EMs under pressure from global factors

Aug 07, 2015 05:05 am UTC| Commentary

After a bit of a reprieve in the early part of July, Emerging Market (EM) assets have continued lower. The pattern of weakness since April has largely remained the same with stability in hard currency bonds, weakness in...

US employment situation likely to be positive

Aug 07, 2015 05:03 am UTC| Commentary

US unemployment and labor participation data are scheduled to release today. The remaining portions of the Bureau of Labor Statistics (BLS) employment situation report are expected to be positive as well. Reflecting...