Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EMERGING MARKETS
- 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.
Source: Bloomberg/MNI
- 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).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok