Russian FX purchases likely peaked in September
The Finance Ministry announced FX purchases of US$4.5bn for September, in line with our expectations. The limited scope for a further increase in…
Turkey's external deficit remains on a narrowing path
The improvement trend in Turkey's current account has continued in June driven mainly by accelerating recovery in services balances and tourism revenues
Russia: Higher FX purchases in August no big deal for the ruble
The increase in interventions to $4.3bn in August is in line with expectations. Moreover, the strong current account and reinvigorated portfolio inflows…
March data shows a strong fall in the external deficit and hints at the start of an improvement trend in the period ahead, as confirmed by early…
The 12-month rolling external balance continued to imporove in July with the best reading for more than 17 years. Having said that, we think the…
Turkey: External deficit at its lowest since 2003
Turkish current account deficit narrows in April
Turkey: Current account deficit narrows further
Watch: Surging fuel prices and the new eurozone split
Italian inflation inches up in May on rising energy pressures
THINK Ahead: Deal done, hikes axed? Not exactly
Turkey: Further adjustment in the external deficit
Correction in Turkey's external deficit continues
Turkey: Current account gap narrows in July
Turkey: Deficit still widening
Turkey: Current account gap widens
Turkey's current account deficit widened in January to USD7.1bn, above the market consensus, while the 12-month rolling deficit neared a four-year high
December data showed a higher-than-expected deficit at USD7.7bn. The 2017 current account deficit-to-GDP stood at c. 5.5%, up from 3.8% a year ago
