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A few second tier central bank.....>

EMERGING MARKETS
MNI (London)
EMERGING MARKETS: A few second tier central bank interest rate decisions of note
this week:
- Bank of Israel (Monday): Expected to keep rates unchanged at 0.25%. Following
the surprise rate hike last year, the economy is clearly still re-calibrating,
keeping the board on hold for now.
- Hungary MNB (Tuesday): Base rate and overnight deposit rate expected unchanged
at 0.90% and -0.15% respectively. While bank remains poised to begin tightening
cycle, the first rate hike will depend on "core inflation developments" which
are yet to move materially in the bank's favour.
- Bank of Korea (Thursday): 7-day Repo Rate expected unchanged at 1.75%. The
first meeting of 2019 saw a unanimous board keeping policy unchanged, with
concern around the domestic labour market, China's slowdown and trade/inflation
woes forcing the bank's hand. Little has changed since then, leaving South Korea
expecting weaker growth and inflation throughout 2019.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com