Russia
Inflation data on Wednesday is expected to show pressures heating up which may explain why the CBR has been hinting that the next interest rate move may be higher rather than lower. The extent to which the CPI number rises will likely determine the urgency with which the central bank will respond. The rouble remains under pressure and rate hikes may help to address both problems.
South Africa
No major economic data or events next week. Manufacturing production and the business confidence survey are the only notable releases.
Turkey
The lira remains under immense pressure after the government abandoned its unsustainable and unconventional policy of monetary easing and market interventions, which triggered an enormous spike in inflation. Inflation eased slightly last month but that won’t likely last as the currency has fallen to new record lows. Data next week include unemployment, industrial production, and current account.
Switzerland
No major releases or events next week, with PPI on Friday as the only thing on the calendar
