Wednesday, 28 March 2012
MARKET TALK: More Emerging Mkt Rate Decisions Thu
More emerging mkt rate decisions to come this week with the Czech Republic, Romania and South Africa all due to deliver announcements Thursday. "We forecast no changes to policy rates in Czech Republic, but a 25bp cut in Romania," says JPMorgan. Adds in South Africa, the decision will garner more attention in light of recent hawkish comments from the SARB governor. Nonetheless, the bank expects the policy rate to be kept on hold until at least the end of next year. Thursday's rate announcements will round off a busy week for emerging markets with central banks in Israel, Turkey and Hungary already having kept key rates unchanged in decisions earlier in this week.
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