This week on beyondbrics:
Why Islamic bonds don’t sukuk
Sino-Forest bondholders: very, very nervous
When Brazil’s central bank surprised everyone this week with an interest-rate cut, questions immediately began to swirl about how the move would affect other emerging markets.
In the case of Mexico, markets had already begun to price in an interest-rate cut following the bank’s statement in recent days that it would “consider the convenience of adjusting” if prospects for growth deteriorated.
So, does the additional pressure from Brazil’s move make an imminent rate cut in Mexico inevitable? The answer is No. Continue reading »
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