Services

NEWS FLASH

UPCOMING WEBINAR - LATIN AMERICA IN 2026: INFLATION, POLICY AND POLITIC...

Learn More

COUNTRY INSIGHTS

The curious case of CBRT reserves, a recap
TURKEY · Report · 29 Mar 2019 · 9 responses

CBRT reserves have been the markets’ focus since last week because of substantial drops in net reserves that could not be attributed to the familiar factors. As a lot of numbers have been floating around since then, we thought it would be useful to provide some background on where these numbers a...

The South African Reserve Bank leaves interest rates unchanged as consumer inflation remains contained
SOUTH AFRICA · Report · 28 Mar 2019

The South African Reserve Bank’s Monetary Policy Committee concluded its three-day March meeting today with Reserve Bank Governor Lesetja Kganyago’s announcement that the Reserve Bank would be keeping the benchmark interest rate at 6.75%. This means the prime interest rate will also remain at 10....

Explanatory statement from the MNB: no policy cycle, next revision in late June
HUNGARY · In Brief · 28 Mar 2019

MNB vice governor Márton Nagy made an interesting statement at an investment seminar today, providing some explanation, but also a refining, to the view presented by governor Matolcsy right after the Monetary Council meeting on Tuesday, March 26.Mr. Nagy essentially repeated the Governor's words ...

South Africa’s May 2019 general elections polls – let the race begin
SOUTH AFRICA · Report · 28 Mar 2019

South Africa’s general elections are fast approaching, and the race is heating up. The election date of May 8, 2019 was announced by President Ramaphosa during the State of the Nation (SONA) address at the beginning of February 2019, but the proclamation was officially signed by the President on ...

Essential CIS Politics: Russia is surprisingly relaxed about the threat of more US sanctions
RUSSIA / FSU POLITICS · Report · 28 Mar 2019

* Russia is surprisingly relaxed about the threat of more US sanctions. * The Ukrainian presidential election is wide open. * The TAPI pipeline could be a game changer for Turkmenistan.

​Final Words: CHP-IYIP have wind in their sails
TURKEY · In Brief · 28 Mar 2019 · 1 response

It is time to spell out my final predictions on Sunday’s municipal elections. Before I cut to the chase, a few words on my method and thought process needs to be said, because covering this election campaign was a harrowing experience. Since the 2010 referendum, I used a trimmed mean of poll resu...

Russian shipbuilding stalls
RUSSIA / FSU POLITICS · In Brief · 28 Mar 2019

Last year Russia built 89 large and medium sized ships. This includes 46 civilian and 43 military vessels. The cost was USD 2.6 billion. In 2017 the figure was 98 ships for USD 1.6 billion. 70% of the value or the orders comes from the Russian Navy. The increase in the money spent on ships is mai...

How Ankara “tamed” the currency market? A case study in absurdity
TURKEY · In Brief · 27 Mar 2019 · 2 responses

I had to delay my plan to say the final word on approaching municipal elections to Thursday, on account of the bizarre measures taken by the Turkish authorities to defend the currency and their permanency.As I write these lines Turkish sources reported (quoting Reuters) that the emergency measure...

The MNB was seen balancing between loose and tight today
HUNGARY · In Brief · 26 Mar 2019

The MNB acted somewhat strangely today. It carried out its first tightening moves in seven years, by raising the O/N deposit rate by 10 bps, to -0.05%, and by reducing its target on the quarterly average excess liquidity of banks by HUF100bn, which should imply a HUF130bn reduction of the existin...

​A few thoughts on the recent market turmoil
TURKEY · In Brief · 26 Mar 2019 · 1 response

Turkish markets have gone wild again in the past few days, which started with a sharp depreciation of the lira on Friday, when the currency weakened by about 5%-6% against the dollar on a single day. In response, the CBRT has decided to tighten liquidity over the weekend, altogether cancelling li...

Political coordination needs improvement and other weekly topics
BRAZIL POLITICS · Report · 26 Mar 2019 · 1 response

The president of the CCJ in the Lower House is expected to announce the rapporteur for Pension Reform. Minister Paulo Guedes takes part in public hearing in the CCJ on Tuesday. He will also speak about the Kandir Law in the Senate. Dissatisfied with the government’s articulation, federal represen...

Economics: More reluctance to take on new debt
MEXICO · Report · 25 Mar 2019

Financing to the non financial private sector has been waning since mid 2018 as businesses and households hold back from seeking credit as they take stock of rising interest rates, sources of uncertainty and the slowing of the economy. The latest central bank data shows declining demand for, or ...

Correa is not dead
ECUADOR · Forecast · 25 Mar 2019

Ecuador finally signed an Extended Fund Facility agreement with the IMF, which will help the country return to a more sustainable economic model over the next three years. The IMF will provide $4.2 million of gradual financing during the life of the agreement, and other multilateral organizations...

Equal terms for foreign firms
CHINA · Report · 25 Mar 2019

Prime Minister Keqiang Li announced during his annual address to the People’s Congress of Beijing on March 5th that China’s growth target for 2019 would be in the 6% to 6.5% range. Another key takeaway is a significant 3 pps cut in value-added tax rate for manufacturers, to 13%. Industrial out...

U.S. sanctions against Bandes
VENEZUELA · In Brief · 25 Mar 2019

On Friday, 22 March 2019, the U.S. imposed sanctions against the Bank of Economic and Social Development of Venezuela (Bandes) and four institutions it controls: Banco de Venezuela and Banco Bicentenario in Venezuela, Bandes Uruguay in Uruguay and Banco Prodem in Bolivia. All five have been desig...

Copyright 2025 GlobalSource Partners. All rights reserved.