With its assessment of the balance of risks broadly unchanged, the Reserve Bank of New Zealand left rates on hold at its meeting today. Although the Bank will likely retain its tightening bias, we...

Brazil’s monetary easing cycle will probably lead to higher spending in interest rate sensitive areas such as furniture and appliances, autos and construction materials. But that won’t be enough to...

Talk of “dollarisation” has recently re-emerged, despite broader moves in the EM world to challenge the hegemony of the US dollar. Indeed, the fact that Argentina is considering adopting the dollar...