Viresh Kanabar, an investment strategist with 8+ years of experience, notably contributed to portfolio construction and risk management at CCLA Investment Management, a £12 billion fund. Viresh was also a voting member of the Investment Committee and ran the private asset valuation process. Before his role at CCLA, Viresh made significant contributions during his three-year tenure as a Consultant at Deloitte, where he was a part of the largest P&C merger in 2016.
Monetary Policy & Inflation
Viresh Kanabar
Summary The RBA is increasingly focused on the risk that limited spare capacity and elevated short-term inflation expectations generate a more persistent inflation process, arguing for a more pre-emptive policy response. Beyond September, the RBA is likely to pause and assess the impact of tighter financial conditions. Mortgage rates have risen sharply, scheduled repayments are […]
Viresh Kanabar
Himino’s Four Factors All Point to Upside Risks on Inflation and Bolster Case for Further Hikes Himino’s importance on the BoJ should not be underappreciated. I often see him as Ueda’s number two due to his closeness to the Governor’s views on many topics. Today’s speech was also important because it was the first since […]
Viresh Kanabar
Summary The BoK hiked 25bp to 3%, with a decisive 6-1 vote, showing that KRW’s 7% rally mattered less than elevated energy prices, robust growth and future inflation risks from AI spillovers. Shin framed the move as pre-emptive tightening, aimed at anchoring inflation expectations and leaning against Seoul housing and household debt before a more […]
Viresh Kanabar
Summary We no longer expect the BoK to hike this week as the 7% decline in USD/KRW has reduced the urgency for a back-to-back move. Since the July meeting, Q2 GDP came in above expectations, core inflation rose to 2.6% YoY, inflation expectations are steady at 2.7%, and financial stability risks remain elevated. On financial […]
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