BUZZ-COMMENT-Several emerging market rate decisions to draw attention next week

Reuters · 09/15/2023 10:28
BUZZ-COMMENT-Several emerging market rate decisions to draw attention week


- There are several emerging market rate decisions to draw attention week with China's on Sept. 20 of particular in the wake of this week's RRR cut.

Turkey is seen raising rates by 500 bps to 30.0% on Sept. 21, while the may be potential for Brazil to cut interest rates again on Sept. 20. Taiwan, Indonesia and the Philippines have rate decisions on Sept. 21.

South African interest rates are expected to remain unchanged at 8.25% on Sept. 21.

All of these monetary policy meetings occur in the wake of events that support risk-taking and should steer attention toward the end of tightening cycles or the potential for rate cuts.

Aside from this the start of week sees the release of trade data for Singapore and Malaysia followed by similar data for Taiwan and Thailand.

There will be inflation and retail sales data for South Africa on Wednesday and Russian PPI with Israel's IP released on Thursday.

Polish inflation expected to ease further in August in data due Monday. Czech and Polish PPI data, plus Polish IP, employment and retail sales are also due.

Aside from Brazil's rate decision, inflation data on Monday and Mexican retail sales on Thursday are the main events.

Emerging currencies have the potential to rise much further.


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(Jeremy Boulton is a Reuters market analyst. The views expressed are his own; Editing by Alison Williams)

((jeremy.boulton@thomsonreuters.com))