Chief Economist, Emerging Markets Fixed Income Strategy
Understanding the macroeconomic nuances of the emerging markets takes a keen eye, developed over years of practice. However, more importantly, the ability to translate and clearly communicate the ramifications of these trends is an innate skill. Natalia combines these qualities through sharing her daily views on the emerging markets.
Mexico’s President calls for lower interest rates. Argentina’s external accounts show a lack of adjustment despite the deep recession.
Turkey surprised the market by keeping its benchmark rate on hold. Mexico’s inflation accelerated more than expected, reducing policy space for the central bank.
South Korea’s flash foreign trade numbers point to the on-going global rebound, but the second-wave concerns pose a major risk. Brazil’s bill on the central bank’s formal independence can be approved this week.
The consensus sees another sizable rate hike in Turkey. China keeps the benchmark rates on hold, creating additional policy space if growth disappoints.