Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
- EM Citi Inflation surprise index shows that inflationary pressures are intensifying in the EM market.
- As a reminder, positive surprises implies that the CPI inflation prints in the EM market have been coming out higher than expected.
- In the past few weeks, EM policymakers have mentioned in several occasions that the spike in inflation is expected to be only 'temporary' and inflationary pressures are expected to ease in the second half of this year.
- However, the tone is gradually changing as it seems that the inflationary pressures could persist until the beginning of 2022; most of the EM central banks have reviewed their year-end inflation forecasts to the upside.
- CBR, BCB and CBRT have actually raised their policy rates this year to counter the inflationary forces amid weakening currency due to rising economic and political uncertainty. (Russia by 75bps, Brazil by 150bps and Turkey by 200bps).