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April 29, 2024 12:00 AM UTC
EMERGING ASIA
EM currencies perform mostly individually against the USD as the greenback volatility revolves mostly around the JPY. SGD saw the largest losses of 0.28%, followed by CNH 0.18%, IDR 0.14%, CNY 0.09%, KRW 0.04%, INR 0.03% and HKD 0.01%; while the biggest winner is PHP by 0.19%, MYR 0.17%
April 26, 2024 3:32 PM UTC
While March’s 0.3% Core PCE Price Index was a little firmer before rounding, and stronger than February data that was rounded up to 0.3%, the Dallas Fed’s Trimmed Mean PCE Price Index slowed to a 2.9% annualized pace from 3.4% in February.
April 26, 2024 1:21 PM UTC
Despite the BCB's initiation of the cutting cycle, credit is anticipated to decelerate due to monetary policy lags. Enterprises face the most significant impact, with nominal growth dropping to 4.1% in February from 12.1% a year prior. While household credit growth slows to 10.4% annually from 17%,
April 26, 2024 1:12 PM UTC
Bottom Line: As widely expected, Central Bank of Russia (CBR) announced on April 26 that it decided to keep the policy rate unchanged at 16% for the third meeting in a row. CBR made critical changes in its key rate and inflation forecasts as it lifted its 2024 inflation forecast to 4.3-4.8% from 4-4