Rates could be raised as much as 500 bps in Turkey, and cut by 50 bps in Brazil. Economists at ING analyze TRY and BRL outlook. Strong interest in the
In EMEA, the highlight will be whether the Central Bank of Turkey delivers another large hike on Thursday in a continuing return to policy orthodoxy, while Brazil should cut rates another 50 bps in line with recent guidance.
Given the strong interest in the carry trade this year, both the Turkish Lira and Brazilian Real could stay supported despite these diverging rate stories.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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