East Europe & Central Asia
Chart 1Turkey: The Central Bank Is Providing Ample Liquidity To Commercial Banks
Turkey: The Central Bank Is Providing Ample Liquidity To Commercial Banks…
Turkey: Is It Time To Book Profits…
Highlights Remain neutral on the US dollar. A breakout of the dollar would cause a shift in strategy. Russia’s conflict with the West is heating up now that Germany has delayed the certification of the Nord Stream II pipeline. As long as the focus remains on the pipeline, the crisis will…
Highlights Geopolitical conflicts point to energy price spikes and could add to inflation surprises in the near term. However, US fiscal drag and China’s economic slowdown are both disinflationary risks to be aware of. Specifically, energy-producers like Russia and Iran gain greater…
Czech Central Bank’s Hawkish Stance Positive For CZK…
Highlights Short-term inflation risk will escalate further if politics causes new supply disruptions. Long-term inflation risk is significant as well. There is a distinct risk of a geopolitical crisis in the Middle East that would push up energy prices: the US’s unfinished business with Iran…
Rising Turkish Geopolitical Risk Is Bad News For The Lira…
Russia: Is The Rate Hiking Cycle Nearing Its End…
A New Low For The Turkish Lira…
There’s Still Value In Russian Long-Term Rates…