Middle East & North Africa Chart Pack Egypt’s central bank makes long-awaited devaluation The Egyptian central bank’s decision to devalue the pound this month ended months of growing speculation that a move in the currency was on the cards. In the near term, this will bring some pain. The... 30th March 2016 · 1 min read
Emerging Europe Economics Update Ruble rebound leads market rally in Emerging Europe Financial markets across Emerging Europe have recouped some of their earlier losses this month. The Russian ruble has been the region’s star performer, posting the largest gains among all EM... 29th March 2016 · 1 min read
Global Markets Update Shanghai Discord likely to weaken the euro again Fed Chair Janet Yellen’s speech later today will, of course, be keenly watched for hints on the outlook for US interest rates. However, there have already been signs that the markets are reassessing... 29th March 2016 · 1 min read
Middle East & North Africa Economics Update Egypt devaluation buoys local markets The Egyptian central bank’s decision to (finally) devalue the pound this month has raised hopes of an improvement in the country’s balance of payments position and faster growth, resulting in a jump... 29th March 2016 · 1 min read
Asia Economics Update Sri Lanka leaves rates on hold, but further tightening likely soon Despite mounting concerns over rapid credit growth, rising inflation and a weakening currency, the central bank in Sri Lanka (CBSL) opted to keep its key policy interest rates unchanged at its meeting... 29th March 2016 · 1 min read
Latin America Economics Update What next for Brazil interest rates? We expect the Central Bank of Brazil to shift its bias towards looser policy over the coming months, but both the timing and the size of any cuts in interest rates will be determined by what happens... 29th March 2016 · 1 min read
Latin America Economics Update Markets rally, Brazilian assets outperform A recovery in global commodity prices has helped to support a broad-based rally in Latin America’s financial markets so far this month. Brazilian assets are down a little today but they have... 24th March 2016 · 1 min read
US Economics Weekly Fed adopts cavalier attitude to inflation rebound The downward revision to the Fed’s interest rate projections at the March FOMC meeting, despite little change in the economic projections, has prompted plenty of speculation that its “reaction... 24th March 2016 · 1 min read
Middle East & North Africa Economics Update Egypt devaluation: assessing the impact on balance sheets The recent devaluation of the Egyptian pound will create winners and losers within the country through its impact on balance sheets. Households and commercial banks stand to gain from a rise in the... 24th March 2016 · 1 min read
China Economics Update Capital Flows Monitor (Mar.) Capital outflows eased markedly last month as the pace of outbound investment by Chinese firms and investors cooled and foreigners pulled money out of mainland securities and renminbi deposits at a... 24th March 2016 · 1 min read
Emerging Markets Economics Chart Pack EM markets bounce back strongly The last month has seen EM financial markets recover from their poor start to 2016. Our Synthetic EM Exchange Rate Index has rallied to its strongest level since November. Almost all EM currencies... 23rd March 2016 · 1 min read
India Economics Update Markets regain their poise India's financial markets have rallied over the past couple of weeks following a terrible start to the year. The rupee has strengthened, while local equities have made significant gains. Meanwhile... 21st March 2016 · 1 min read
DM Valuations Monitor What to make of the rebound in inflation compensation? The gap between the nominal yield of 10-year conventional US Treasuries and the real yield of 10-year US TIPS has rebounded over the past month. This increase in inflation compensation could... 18th March 2016 · 1 min read
Global Markets Update Was there a “Shanghai Accord” to weaken the dollar? Speculation that G20 officials came to a tacit deal in Shanghai last month to end the “currency wars” that have boosted the US dollar fits a few of the facts, but overall makes no sense. Neither the... 18th March 2016 · 1 min read
Canada Economics Weekly Canadian dollar rally won’t be sustained The recent rally in the Canadian dollar, which has been driven by rising oil prices and downgrades to the outlook for US interest rates, is unlikely to last beyond the middle of this year. Admittedly... 18th March 2016 · 1 min read
Middle East & North Africa Economics Update Egypt: pound devaluation prompts aggressive rate hike The Central Bank of Egypt’s larger-than-expected 150bp in its overnight deposit rate, to 10.75%, was a pre-emptive move to limit the inflationary impact from the recent devaluation of the pound. We... 17th March 2016 · 1 min read
