13 Jul 2015
EM central banks ahead in the week – BBH
FXStreet (Edinburgh) - The research team at BBH notes the EM central banks’ meetings in the upcoming days.
Key Quotes
"Bank Indonesia meets Tuesday and is expected to keep rates steady at 7.5%. With inflation at 7.3% y/y well above the 3-5% target range, we think steady rates are likely for the time being even though the real sector is slowing. Indonesia reports June trade Wednesday, with exports expected at -16.5% y/y and imports at -20.3% y/y.
“Chile central bank meets Tuesday and is expected to keep rates steady at 3.0%. With inflation at 4.4% y/y well above the 2-4% target range, we think steady rates are likely for the time being even though the real sector is slowing. Policymakers are under pressure to do something, as President Bachelet’s popularity is hitting all-time lows”.
Key Quotes
"Bank Indonesia meets Tuesday and is expected to keep rates steady at 7.5%. With inflation at 7.3% y/y well above the 3-5% target range, we think steady rates are likely for the time being even though the real sector is slowing. Indonesia reports June trade Wednesday, with exports expected at -16.5% y/y and imports at -20.3% y/y.
“Chile central bank meets Tuesday and is expected to keep rates steady at 3.0%. With inflation at 4.4% y/y well above the 2-4% target range, we think steady rates are likely for the time being even though the real sector is slowing. Policymakers are under pressure to do something, as President Bachelet’s popularity is hitting all-time lows”.