This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
(1) CBR Preview: The Case for a March Rate Hike(3 min read)
Accelerating inflation, an ongoing recovery in demand and hawkish rhetoric from the CBR all argue for a 25bps rate hike on Friday, says Tatiana Orlova. Declining inflation expectations and earlier RUB appreciation nevertheless leave a risk the bank opts to wait.
(Tatiana Orlova│ 18th March, 2021)
(2) Biden’s Gambit Will Leave Lighter Market Footprint Than Reagan’s (3 min read)
The significant fiscal expansion under both President Biden and former President Reagan has prompted parallels which, according to Dominique Dwor-Frecaut, are instead more symmetry. Market implications of Biden’s policies are therefore different with less upside to nominal yields and the dollar.
(Dominique Dwor-Frecaut│ 18th March, 2021)
The Future of Asia: What a Difference a Year Can Make (IMF Blog, 3 min read)
How to Spend $12 Trillion (Project Syndicate, 5 min read)
Asia is ready to invest more in Central America (OMFIF, 2 min read)
Working from home in developing countries (VoxEU, 5 min read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)