Economic Analysis - Unorthodox Financing Plan Will Raise Political Risk - 02 OCT 2017
Emerging Markets Monitor September 2017 / Algeria / Economy
The reappointment of Ahmed Ouyahia as prime minister of Algeria, and the launch of a new economic plan, signals that that the government will strive harder to cut spending in a bid to narrow its...
Economic Analysis - MNB Easing Heightens Inflation Risks - 02 OCT 2017
Emerging Markets Monitor September 2017 / Hungary / Economy
Monetary policy will continue to be highly accommodative through 2017 and into 2018, despite rising core inflationary pressures. As such, there is a significant risk that the Hungarian National...
Economic Analysis - No Devaluation As Pressures On The Peg Ease - 02 OCT 2017
Emerging Markets Monitor September 2017 / Iraq / Economy
The Central Bank of Iraq will continue to focus on protecting the peg of the dinar to the US dollar over the coming quarters, which will be facilitated by easing pressures on the peg owing to...
Economic Analysis - Quick View: CBR Cut Meets Expectations, More To Come - 02 OCT 2017
Emerging Markets Monitor September 2017 / Russia / Economy
On September 15, the Central Bank of Russia (CBR) resumed its monetary easing cycle which began in late 2015. From a level of 9.00%, and in line with consensus expectations, the bank cut its key...
Economic Analysis - Strong Domestic Economy Warranting More Tightening - 21 AUG 2017
Emerging Markets Monitor August 2017 / Czech Republic / Economy
The Czech National Bank (CNB) will continue its tightening cycle in 2018, after it scrapped its exchange rate floor in April and raised rates in August. The Czech labour market is extremely tight...
Economic Analysis - BCRP To Conclude Cutting Cycle In 2017 - 21 AUG 2017
Emerging Markets Monitor August 2017 / Peru / Economy
Peru's Central Reserve Bank will continue its interest rate cutting cycle in the coming months, as economic growth remains weak and inflation stays within the bank's target range. A growth recovery...
Economic Analysis - Low Inflation Will Prompt Further Rate Cuts - 24 JULY 2017
Emerging Markets Monitor July 2017 / Botswana / Economy
Inflation will remain close to the bottom floor of Botswana's inflation target over the coming months, as low fuel and food prices temper the country's consumer basket. This will see the central...
Economic Analysis - Easing Cycle At An End Despite Falling Inflation - 24 JULY 2017
Emerging Markets Monitor July 2017 / Uganda / Economy
Although we believe that inflation will continue to decline over coming months, we think that the Bank of Uganda has reached the end of its easing cycle given low real yields and little pass throug...
Economic Analysis - Rising Core Inflation To Challenge MNB's Dovish Stance - 17 JULY 2017
Emerging Markets Monitor July 2017 / Hungary / Economy
BMI View: The Hungarian National Bank (MNB) will keep its base rate on hold at 0.90% in 2017, while using unconventional tools to ease monetary conditions further and stimulate economic growth. How...
Economic Analysis - Quick View - Dovish Stance Will Be Tested By Persistent Inflation - 22 MAY 2017
Emerging Markets Monitor May 2017 / Peru / Economy
On May 11, the BCRP unexpectedly cut its benchmark rate by 25 basis points from 4.25% to 4.00%