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15 Jan 2016
Key changes in emerging markets - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained the key and recent changes in emerging markets.
Key Quotes:
"1) The Hong Kong dollar posted its biggest two-day decline since 1992
2) Bank Indonesia restarted its easing cycle, cutting rates for the first time since February 2015
3) Poland’s current Monetary Policy Council (RPP) held its last policy meeting
4) Poland’s president proposed a draft bill on FX loan conversion
5) Russia will reportedly cut budgetary expenditures by 10% due to low oil prices
6) Russia’s central bank has turned more hawkish
7) Argentina officials and debt holdouts met for the first time since President Macri won the election
8) Petrobras cancelled its planned bond sale due to “unfavorable market conditions.”"
Key Quotes:
"1) The Hong Kong dollar posted its biggest two-day decline since 1992
2) Bank Indonesia restarted its easing cycle, cutting rates for the first time since February 2015
3) Poland’s current Monetary Policy Council (RPP) held its last policy meeting
4) Poland’s president proposed a draft bill on FX loan conversion
5) Russia will reportedly cut budgetary expenditures by 10% due to low oil prices
6) Russia’s central bank has turned more hawkish
7) Argentina officials and debt holdouts met for the first time since President Macri won the election
8) Petrobras cancelled its planned bond sale due to “unfavorable market conditions.”"