Tag Archives: emerging markets

 (from my colleagues Dr, Win Thin and Ilan Solot) 1) Mexico's FX commission tweaked its intervention program slightly  2) The political tide in Brazil has turned slightly better for the government  3) The PBOC announced a rate cut for its Standing Lending Facility (SLF) for local financial institutions  4) IMF staff has concluded that China meets the requirements to join the SDR basket  5) As promised, the Hungarian central bank started to focus on unconventional measures  6) Indonesia's...

(from my colleagues Dr. Win Thin and Ilan Solot) 1) Mauricio Macri, the mayor of Buenos Aires, won the Argentine presidential election with 52% of vote  2) The latest political developments in Brazil rocked asset prices  3) The Brazilian central bank kept rates on hold at 14.25%, as expected, but two members called for a 50 bp hike  4) China markets are under pressure after reports that the three top brokers are under investigation as part of the larger anti-corruption campaign  5)...

(from my colleagues Dr. Win Thin and Ilan Solot) Brazil’s government scored an important set of political victories yesterday, many of which impact the fiscal accounts.  It’s too soon to say that the tide has decidedly changed, but there are some positive signs, and asset prices are responding accordingly. By a close margin, the government managed to maintain two important vetoes.  With a margin of only six votes, the veto stopped an increase of nearly 60% in the salaries of judiciary...

Every now and then, the developed and emerging economies of the world find themselves in sync, growing or contracting together. This is not one of those times. In late 2015, a trend that started in 2014 accelerated, as the balance of global growth is tilting toward developed markets and away from emerging ones. Whereas Credit Suisse economists expect growth in developed economies to accelerate this year—up 1.9 percent versus 1.7 percent in 2014—they forecast slower growth in emerging ones, up...