Key events in EMEA and Latam next week
Sentiment indicators and rate decisions dominate EMEA and Latam markets in a particularly quiet week for most countries
Expect no surprises from the Hungarian central bank
In Hungary, the key event of a rather quiet week is the monetary policy meeting of the central bank.
We are confident that the National Bank of Hungary won't ruin any trader’s, portfolio manager’s or treasurer’s vacations with a surprise move. The EUR/HUF has stabilised between the 322-325 range. Moreover, with oil prices heading south and the June inflation reading undershooting the NBH forecast, we don’t see any reason why the central bank could change its monetary policy or its main messages regarding the forward guidance.
Turkey to tighten?
We expect the Turkish central bank to deliver a measured 100bp tightening on the back of the sharp deterioration in the inflation outlook and ongoing deterioration in forward-looking expectations.
Although the rebalancing has already started, it is likely to be the main theme for the rest of 2018.
EMEA and Latam Economic Calendar
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Download article20 July 2018
Our view on next week’s key events This bundle contains {bundle_entries}{/bundle_entries} articlesThis publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more