Ivan Tchakarov, chief economist at Renaissance Capital in Moscow, comments on how U.S. debt talks may affect emerging markets. He spoke by telephone from the Russian capital today.
Ukraine is unlikely to get more money from the International Monetary Fund as part of a $15.6 billion bailout program before parliamentary elections next year, Renaissance Capital said.
Kazakhstan’s tenge climbed to a two- year high against the dollar as the central bank eases control of the currency and crude prices at the most in 30 months lure investors to Central Asia’s biggest oil producer.
"From a macro perspective, the central bank may be right to impose some harsh administrative curbs."
- Ivan Tchakarov on Oct 13, 2014