Last quote by Manik Narain
Europe has definitely been a dynamic that's gaining traction - you've seen some widening of peripheral spreads reflecting political worries ... and that could fester for a while.
Feb 08 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Manik Narain is associated, including Patel, Brazil, and market. Most recently, Manik Narain has been quoted saying: “The longer you wait, the more inflation expectations and confidence get contaminated and the harder the problem becomes to arrest. They will need to move at least by 50 bps and indicate more tightening is ahead.” in the article Reluctant to hike rates, Turkey's central bank struggles with lira slide. An other article where Manik Narain has been quoted is EMERGING MARKETS-Dollar retreat lifts emerging assets; rouble near 14-mth high.
Quotes by Manik Narain
Jan 10 2017
The longer you wait, the more inflation expectations and confidence get contaminated and the harder the problem becomes to arrest. They will need to move at least by 50 bps and indicate more tightening is ahead.
Dec 29 2016
The likelihood is rising that the central bank will consider some FX intervention. It won't be very aggressive but you would expect, given the loss in the reserve funds, that they would look to use the opportunity to lean against this strength in the currency. So you are probably talking of modest intervention rather than a sea change.
Dec 23 2016
You don't usually think of China being in that pocket of vulnerability.
Dec 20 2016
There is some relief there has not been an escalation of tensions, unlike what we saw last year with the downing of the Russian plane.
Dec 20 2016
In the medium term it could introduce some downside to expectations of a rebound in Russian tourism next year but for now markets see the risks as contained.
Dec 20 2016
It's not entirely clear they perceive a need to tighten. The central bank has not been incrementally tightening liquidity in recent weeks as the lira has weakened so there is a risk they don't come up with a more hawkish intent.
Dec 06 2016
Patel has a very strong academic background and he was leading proponent of the inflation targeting regime, so we should give him the benefit of doubt. But if they cut rates again (this week) it could give markets a reason to believe there is political pressure on him.
Nov 24 2016
The economy is on a very, very weak footing. Broadly speaking, what we've learned over the last two years is that the authorities seem to be more concerned about rate hikes than currency weakness.
Aug 18 2016
Emerging market equities are now up just under 12 percent on the year compared with 3.4 percent for developed markets. LatAm equities are the stand-out performers … Brazil alone has contributed to just over a third of the year-to-date rally.
Dec 11 2014
They should send a much more determined signal that they will do whatever it takes, for as long as it takes.