Mexico’s core inflation likely to remain soft on MXN depreciation and labor market slack
Feb 10, 2016 05:57 am UTC| Commentary
Mexicos January CPI rose 0.38%, owing to a strong non-core data of 1% 2w/2w in the second half of the month due to higher vegetables and fruits prices. Meanwhile, core inflation eased 0.14% 2w/2w, mainly due to services...
Brazil’s IPCA inflation accelerates in January, likely to have downward trajectory in 2016
Feb 08, 2016 07:00 am UTC| Commentary
Brazils IPCA inflation accelerated 1.27% m/m in January from 0.96% in December. On a yearly basis, it remained at 10.7% in January. The unexpected rise was spread across the groups, with some concentration in the...
Feb 08, 2016 05:08 am UTC| Commentary
Russias January 2016 CPI inflation decelerated greatly to 9.8% from 12.9% in December. The slowdown in the CPI inflation was mainly due to the base effects as monthly inflation accelerated 1%, equal to the 10-year average....
Bank of Mexico holds interest rate, peso’s recent depreciation major threat to inflation
Feb 05, 2016 06:43 am UTC| Commentary Central Banks
The Bank of Mexico kept the interest rate unchanged at 3.25%, on par with expectations. The central bank, in its statement, acknowledges a decline in growth outlook, both domestically and globally, and looks at the recent...
Will Emerging Markets benefit from a cautious Fed?
Feb 03, 2016 15:15 pm UTC| Commentary Central Banks Economy
The Fed is likely to tighten monetary policy only by as much as markets allow without major turmoil. The FOMC statement showed that the Fed takes the financial market turmoil and the development in China and other emerging...
Demographics likely to continue weighing on Russia’s potential growth
Feb 03, 2016 09:46 am UTC| Commentary Economy
Russias growth is likely to be pulled down due to demographics. The working-age population is likely to continue reducing by 0.3%-0.7% y/y. The participation rate is expected to decline due to ageing of population. A...
BRL gains momentary, debt to GDP still a concern – Stay short in USD/BRL FVAs
Feb 02, 2016 11:09 am UTC| Insights & Views
In last quarter, Fitch had downgraded Brazil, following the SPs decision in the summer. This is the second major agency to downgrade Brazil to below investment grade. We believe Moodys will follow and also that additional...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight