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25 Jan 2016
EM central banks’ activity this week – BBH
FXStreet (Edinburgh) - Analysts at BBH have noted this week’s central banks’ meetings in the EM space.
Key Quotes
“Hungarian central bank meets Tuesday and is expected to keep rates steady at 1.35%. For now, the bank is using unconventional means to boost the economy. As such, we think tightening is probably a 2017 story. CPI rose 0.9% y/y, still well below the 2-4% target range”.
“South Africa Reserve Bank meets Thursday and is expected to hike rates 50 bp to 6.75%. The market is split, however. We think a 25 bp hike is likely. Earlier in the day, December PPI will be reported and is expected to rise 4.9% y/y vs. 4.3% in November”.
Key Quotes
“Hungarian central bank meets Tuesday and is expected to keep rates steady at 1.35%. For now, the bank is using unconventional means to boost the economy. As such, we think tightening is probably a 2017 story. CPI rose 0.9% y/y, still well below the 2-4% target range”.
“South Africa Reserve Bank meets Thursday and is expected to hike rates 50 bp to 6.75%. The market is split, however. We think a 25 bp hike is likely. Earlier in the day, December PPI will be reported and is expected to rise 4.9% y/y vs. 4.3% in November”.