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External factors may trigger more Mexican rate hikes

Location:

MEXICO

The hike was double the 25 bp expected by most economists and took place without any similar move from the US Federal Reserve (Fed), increasing the gap between the respective…

Turkey is facing a severe balance of payments crisis

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TURKEY

The dramatic fall in the lira is turning a currency crisis into a full-blown debt and liquidity crisis. President Recep Tayyip Erdogan is taking an increasingly defiant stand…

Syriza must wrest some new deal from Greece's lenders

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GREECE

Syriza's first days in office.

Smaller trade surplus will keep ruble low this year

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RUSSIA

Pronounced ruble depreciation this year attests to the efficacy of sanctions in disrupting Russia’s external trade. The weaker ruble has already provoked a spike in household…

Inadequate policies will deepen Mexico COVID-19 blow

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MEXICO

A lack of testing may have led to an underestimation of infections, but with a population of 130 million, Mexico appears relatively unscathed by the pandemic so far. The virus…

Further Mexico rate reductions look likely

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MEXICO

The move follows reports from the National Institute of Statistics on August 23 that GDP had grown by just 0.02% quarter-on-quarter in the second quarter (Q2) of 2019. With Q1…

Turkish government aims to promote domestic production

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TURKEY

The Eleventh Development Plan for 2019-23.

Economic policy will be unpredictable after Turks vote

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TURKEY

The TCMB has responded quickly to a new wave of lira volatility ahead of local elections, forcing banks to borrow at the overnight rate of 25.5% instead of the 24.0% policy rate…

Leading central banks mould investor sentiment

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INTERNATIONAL

In the worst start to a year for US equities since 2008, the benchmark S&P 500 index fell 0.7% during the week ending January 10. December's employment report showed US non-farm…

Crisis will cut profits, add risks for Turkish banks

Location:

TURKEY

It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…