Free Trial
CANADA

USDCAD Resisting Modest Broader USD Weakness

LATAM FX

Price Signal Summary: USDCLP Heading South

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

A few central bank decisions of....>

EMERGING MARKETS
EMERGING MARKETS: A few central bank decisions of note this week outside of the
RBA:
- National Bank of Poland (Weds, usually around 1300BST/0800ET): Rates expected
unchanged at 1.50%. Despite a motion being raised to cut rates at the September
meeting, policy is expected unchanged. Recent MPC comments support this, with
Zyzynski most recently stating he's "ruling out a rate cut now". With growth
still firm and inflation at multi-year highs, MPC members have made it clear
that policy changes are unlikely without either a positive or negative economic
shock.
- Reserve Bank of India (Friday, 0715BST/0215ET): 25bps cut expected to both
repo and reverse repo rates. The majority of analysts see a 25bps cut, but some
see cuts of as much as 40bps this Friday. Slipping core inflation numbers give
the bank ample justification to trim rates. They are also seen cutting growth
forecasts for 2020 - the depth of these downgrades could signal further policy
accommodation beyond this month and will be a focus for markets beyond the
initial decision.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.