MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Analyst Views Of BCRP Interest Rate Outlook Post June CPI

PERU
  • Despite the increase in y/y headline inflation in June, Itaú notes that the seasonally adjusted three-month annualised CPI came in at 0.52%, from 1.52% in May. At the same time, the equivalent measure for core inflation stood at 2.01%, vs. 2.97% previously. In their view, well-behaved inflation amid below trend activity supports the case for further rate cuts during the rest of the year, considering the real ex-ante rate is at 3.19% above the neutral real rate of 2.00%. They expect three more 25bp rate cuts this year, bringing the policy rate to 5.00%.
  • Meanwhile, BBVA expect inflation to remain close to the centre of the 1-3% target range in Q3. In Q4, base effects turn less supportive, which could take inflation above 2.5% y/y. However, with inflation and inflation expectations in the target range and a still incipient recovery of activity, BBVA expects further rate cuts. Their base case sees the policy rate at 5.0% at year end, with the timing of cuts dependent on the evolution of underlying inflation. Nonetheless, recent PEN weakness and sticky core inflation means that the probability of a further pause in the easing cycle next week is not low.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.