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  • VanEck Blog - Emerging Markets Debt Daily

     Emerging Markets Debt Daily
    Emerging Markets Debt Daily

    Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    South Africa’s inflation surprised to the upside in July, limiting room for traditional policy easing. Mexico’s 2020 GDP will be one of the weakest in LATAM despite the June bounce.

    Emerging Markets Debt Daily

    August 25, 2020

    EM Rate Hikes? Not So Fast

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    The consensus does not think that recovering growth and bottoming inflation justify major rate hikes in EM. Brazil’s external balance remains solid, but fiscal/political noise limit the market impact.

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    Emerging Markets Debt Daily

    August 24, 2020

    Mexico – Inflation Target Challenged (Again)

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    Mexico’s headline inflation hit the top of the target range, reducing room for additional rate cuts. Fitch revised Turkey’s outlook to “negative”, citing policy credibility and the loss of reserves.

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    Emerging Markets Debt Daily

    August 21, 2020

    EM Growth Backdrop – 2nd Wave Concerns

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    China and South Korea reported encouraging activity numbers, but European PMIs reminded about the virus’s second wave risks. Turkey’s gas field discovery turned out less exciting than expected.

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    Emerging Markets Debt Daily

    August 20, 2020

    Turkey Central Bank – Neither Here Nor There

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    Turkey’s central bank remained indecisive, opting for “cosmetic” changes in the policy setup. China sent a clear message that “blanket” monetary easing is coming to an end. 

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