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.
- According to the minutes of the July 27 policy meeting, the NBH board voted unanimously to raise the benchmark rate by 30bps to 1.2%.
- NBH is very likely to raise its benchmark rate at each of the remaining five meetings (in 2021); 15bps hikes priced in for next meetings.
- ' The Council considered itjustified to continue the cycle of interest rate hikes by taking firm steps on a monthly basis toensure price stability, avoid second-round inflationary effects and to anchor inflation expectations. '
- Next meeting will be on August 24: the recent deceleration in inflation in July (to 4.6% YoY vs. 4.8% expected) puts less pressure on NBH policymakers to hike aggressively.
- Next hike will very likely be 15bps.
Link to the NBH minutes: