FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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 On April CPI Inflation

COLOMBIA
  • Headline CPI inflation fell to 7.16% y/y in April, from 7.36% in March, broadly in line with expectations. At the same time, core CPI inflation fell by more than expected to 8.19% y/y, from 8.76%. Consensus there was 8.30%. Headline inflation was driven by housing, food and restaurants/hotels. Meanwhile, core services inflation (ex. regulated items) came in higher at +0.69% m/m, with the annual rate declining at a slow pace.
  • Goldman Sachs believe that headline inflation will stay elevated in Q2 due to unhelpful base effects, before resuming its slow downtrend in H2. They expect core services pressures to persist and continue to see upside risks from noncore pressures in energy generation and food prices, given El Niño disruptions. Their year-end CPI forecast remains above consensus at 5.8%, while their base case is for another 50bp BanRep cut at the June MPC meeting.
  • Meanwhile, JP Morgan also keep their base case for a 50bp BanRep cut in June. They note that there were no surprises on the inflation front and maintain their 5.2% year-end CPI forecast, a bit below the BanRep central scenario. JPM still expect an acceleration in the easing cycle in H2, assuming Fed rate cuts, with the policy rate reaching 8.5% at year end.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.