"It is too soon for the central bank to re-initiate rate cuts," Daniel Hewitt, an economist at Barclays Plc in London, said before the decision. "The central bank should wait until annual inflation drops and the run rate of inflation slows considerably."
Following the rate decision, the ruble sold off further, hitting 55.99. Daniel Hewitt, a Barclays Capital emerging markets analyst in London said that some market participants thought the Central Bank should have hiked more.
While the Bank of Israel is unlikely to cut interest rates today, the monetary panel may lower borrowing costs at least once more before the end of the year, according to Daniel Hewitt, a senior emerging-markets economist at Barclays Plc.
Date: Aug 25, 2014
Source: Google
Merkel to Lose Austerity Disciples as Czechs Opt to Spend
Theve actually been more German than the Germans,Daniel Hewitt, an economist at Barclays Plc (BARC) in London, said byphone Sept. 17. There seemed to have been some sort of fiscalobsession. The lower yields could be seen as an achievement, butI think the austerity push was overdone.
Date: Sep 19, 2013
Category: World
Source: Google
Israel Punches Above Weight as GDP Beats Developed World
You have a situation where the global economy is clearly running into a roadblock and having a tough time while the Israeli economy is going to bend but it isn't going to break, said Daniel Hewitt, senior emerging-market economist at Barclays Capital in London. We think Israel can maintain posit