(1) Bullish KRW as Recovery Gathers Pace (2 min read) An improved C/A and rising equity inflows have left KRW as Asia’s best performing currency. Caroline Grady presents the case for why won appreciation is likely to continue.
(Caroline Grady │ 16th October, 2020)
(2) Key Events: Week of 19 October (1 min read) China’s Q3 GDP data, flash PMIs and the Fed’s Beige Book will all be in focus over the coming week. Monetary policy meetings are concentrated in EM. China, Russia and Israel are all expected to hold rates. Turkey is expected to hike by 150bps, after a 200bps last month. And Hungary may raise the one-week depo rate once again while leaving the policy rate on hold.
(Bilal Hafeez│ 16th October, 2020)
Fiscal Policy for an Unprecedented Crisis (IMF Blog, 3 min read)
Pandemics and inequality: A historical overview (Vox EU, 7 min read)
How Have Households Used Their Stimulus Payments and How Would They Spend the Next? (Liberty Street Economics, 6 min read)
The Fed Is Almost Out Of U.S. Treasuries To Buy (Seeking Alpha, 6 min read)
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