OctaFX | OctaFX Forex Broker
Open trading account
Back

Tale of two EM countries against inflationary forces - BBH

FXStreet (Delhi) – Research Team at BBH, suggest that it was a tale of two EM countries in terms of inflation as Colombia reported higher than expected inflation, while the Philippines reported lower than expected inflation.

Key Quotes

“The monetary policy trajectories are also divergent. Colombia reported inflation at 5.35% y/y, well above 5.0% consensus and even further above the 2-4% target range. We did not think an aggressive tightening cycle would be seen, but the data may push the central bank into front-loading it more.”

“On the other hand, Philippine inflation of 0.4% y/y is well below the 2-4% target range. Even though the bank has been on hold since its last 25 bp hike in September 2014, rising deflation risks suggest the bank may have to tilt more dovish in the coming months.”

United States Redbook index (MoM): -1.6% (October 2) vs previous -1.5%

United States Redbook index (MoM): -1.6% (October 2) vs previous -1.5%
Read more Previous

USD/JPY: unimpressed by US trade data, trades around 120.35

The spike in the US trade deficit triggered by the drop in the exports to multi-year lows failed to trigger any moves in the USD/JPY pair.
Read more Next
Start livechat