德意志银行-新兴市场宏观与策略重点-20170602-deutschebank.pdfVIP

Deutsche Bank Markets Research Global Economics Date Emerging Markets Foreign Exchange 2 June 2017 United States Rates Credit Editors EM Macro and Strategy Focus Drausio Giacomelli Strategist (+1) 212 250-7355 Jed Evans (+1) 212 250-8605 Economics Focus: RBI is likely to stay on hold. China and Taiwans trade data Sebastian Brown should signal a peak in EM Asias export growth amid mixed inflation signals. Strategist – LatAm We expect South Africa’s Q1 GDP to pick up slightly and NBP to maintain (+1) 212 250-8191 current policy stance, while inflation is likely to decelerate slightly in Czech and Hungary. We see inflation below the central bank target in Russia and hovering Gautam Kalani in double digits in Turkey. In LatAm, TSE decision on 2014 is the highlight – Strategist – EMEA although it could be postponed. In Peru, we expect the BCRP to