24 Jul 2013
Flash: Emerging market (EM) headlines – BAML
FXstreet.com (London) - Tomos Rhys Edwards, Senior Vice President, Communications and Media Relations at BofA Merrill Lynch Global Research highlighted some key EM data points.
Key Quotes:
“Foreign investment in Indonesia rose 18.9% yoy to Rp66.7tn (US$7.2bn) in 2Q, slower compared to 27.2% growth in 1Q”.
“Singapore's headline inflation ticked up slightly to 1.8% yoy in June from 1.6% in May”.
“At its July meeting, the Central Bank of Turkey left the ON deposit and policy rate unchanged at 3.5% and 4.5% respectively, and hiked the ON lending rate by 75bp to 7.25%”.
“Poland's June retail sales were better than consensus, rising 1.8% yoy versus the expected 1.1% and May's 0.5%”.
“In Mexico, consensus sees Banxico on hold until Nov 2014”.
“Brazil's current account deficit at USD4bn in June”.
Key Quotes:
“Foreign investment in Indonesia rose 18.9% yoy to Rp66.7tn (US$7.2bn) in 2Q, slower compared to 27.2% growth in 1Q”.
“Singapore's headline inflation ticked up slightly to 1.8% yoy in June from 1.6% in May”.
“At its July meeting, the Central Bank of Turkey left the ON deposit and policy rate unchanged at 3.5% and 4.5% respectively, and hiked the ON lending rate by 75bp to 7.25%”.
“Poland's June retail sales were better than consensus, rising 1.8% yoy versus the expected 1.1% and May's 0.5%”.
“In Mexico, consensus sees Banxico on hold until Nov 2014”.
“Brazil's current account deficit at USD4bn in June”.