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  • VanEck Blog - Emerging Markets Debt Daily

    Emerging Markets Debt Daily

    Natalia Gurushina, Economist, Emerging Markets Fixed Income

    China is mulling new initiatives to lower the private sector’s borrowing costs. In Brazil, delaying the pension bill vote until next week is not fatal, but the timeline is important for the central bank’s ability to cut rates.

    Emerging Markets Debt Daily

    June 21, 2019

    South Africa Fiscal Stabilization in Question

    by Natalia Gurushina, Economist, Emerging Markets Fixed Income

    Frontloading support for South Africa’s state-owned companies may push the 2019-2020 fiscal gap beyond 5% of gross domestic product. Central European industrial activity has yet to feel the impact of the eurozone’s manufacturing contraction, supporting neutral policy bias in countries like Poland.

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    Emerging Markets Debt Daily

    June 19, 2019

    No Inflation Concerns in South Africa

    by Natalia Gurushina, Economist, Emerging Markets Fixed Income

    South Africa’s inflation dynamics leaves room for policy rate cuts later this year, but tomorrow’s state of the nation address is key. Turkish state banks’ interventions might have shielded the lira from the negative impact of the U.S. sanctions headlines.

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    Emerging Markets Debt Daily

    June 18, 2019

    Turkey’s Need for Right Policy Mix

    by Natalia Gurushina, Economist, Emerging Markets Fixed Income

    The need to find the right policy mix is getting more pressing in Turkey as April’s growth disappoints. Russia stands ready to provide more monetary policy support to boost domestic activity.

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    Emerging Markets Debt Daily

    June 17, 2019

    Brazil Pension Reform Emotions Running High

    by Natalia Gurushina, Economist, Emerging Markets Fixed Income

    Brazil’s main political actors are pushing hard for pension reform’s approval, but details of the bill will matter a lot. Turkey’s sovereign downgrade by Moody’s signals that authorities are not doing enough to reduce the risk of a balance of payments crisis.

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