Financial News

Central Bank of Turkey likely to hike one-week repo rate in July

The Central Bank of Turkey is set to meet for a policy decision next week. According to a Barclays’ research report, the CBT is expected to hike the one-week repo rate by 125 basis points during its July meeting, given the backdrop of a deteriorating inflation trajectory, prevailing investor scepticism and rising external risks in the midst of an intensifying ‘trade war’ rhetoric, along with concerns about Chinese slowdown.

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PBOC likely to further ease liquidity in H2 2018

The People’s Bank of China is likely to further ease liquidity. According to a Barclays’ research report, the Chinese central bank is expected to further loosen liquidity, including reducing banks’ RRR by at least 100 basis points in the second half of this year, to curb the sharp deceleration in credit growth.

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America's Roundup: Dollar drops further on Trump's comments on currency, rate hike, U.S. stocks ends flat, Gold snaps losing run, Oil prices rise as concerns about oversupply ease-July 21st, 2018

Market Roundup

• Trump threatens tariffs on all $500 bln of Chinese imports.

• Trump ratchets up criticism of Fed interest rate rises.

• Fed will be unaffected by Trump's comments – Bullard.

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Japanese core inflation likely to reach 1 pct in Q3, momentum to ease by 2018-end - Barclays

Japan’s inflation continued to be sluggish in June. Even if the nationwide CPI ex-perishables strengthened slightly to 0.8 percent year-on-year in June, the CPI ex-perishables and energy dropped further to 0.2 percent year-on-year, almost flattening again.

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Russian economic growth likely to peak 1.9 pct in 2018 and ease thereafter BMI Research

The Russian economic growth is expected to ease next year. According to a BMI Research report, Russia’s real GDP growth is expected to peak at 1.9 percent this year and moderate thereafter.

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