EM's in focus - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman gave a snapshot overview of emerging markets.

Key Quotes:


"Hungary’s central bank turned dovish."

"The Turkish central bank signalled that it may cut rates next week during an emergency meeting."

"Pakistan's central bank surprised with a more aggressive cut than expected."

"Russian central bank surprised with a rate cut."

"S&P downgraded Russia one notch to BB+ with a negative outlook."

"Brazilian oil giant Petrobras failed to release its corruption-related writedown figures in its earnings statement."

"Finance Minister Levy said Brazil doesn’t want to keep BRL artificially strong."

"Belarus President Lukashenko said the country was considering debt restructuring, but then said there would be no default."