EM’s in a snapshot – BBH

By FXStreet FXStreet (Guatemala) – Analysts at Brown Brothers Harriman summarized the EM’s in a snapshot.

Key Quotes:

“Colombia’s central bank unexpectedly hiked its policy rate 25 bp to 4.75%

Mexico extended its FX auctions

Petrobras raised prices for gasoline and diesel for the first time in almost a year

China’s central bank cut the minimum down payment for first-time home buyers

The central bank of Indonesia said it will start FX interventions in the forward market, joining the growing number of countries stepping up against currency weakness.

Kazakhstan’s central bank hiked its base rate 400 bp to 16% and narrowed the rates corridor to +/- 1 percentage point.”
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Source:: FX Street