TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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 Tomorrow's BCRP Decision

PERU
  • A few more BCRP analyst previews. A full document will go out tomorrow.
  • *Scotiabank: Peru's central bank is expected to remain on hold again at 7.75%. It's premature to court easing expectations especially after March CPI at 1.25% m/m NSA was one of the hottest months of March over the past couple of decades.
  • *Citi: Expect an unchanged decision. BCRP paused their hiking cycle in January after signaling they were close to the end for a while. Although inflation posted a monthly increase in March, the yearly headline declined, suggesting that inflation has peaked and should start decreasing in upcoming prints, which supports Citi’s call for stable rates for now. BCRP should start cutting in 2H23.
  • *Deutsche Bank: Expect BCRP on hold at 7.75%. While inflation is coming down, the m/m print during March was not only higher than expected but also significantly above the historical print for the month. While seemingly driven exclusively by poultry prices and even though several indexes relevant to company costs such as wholesale prices and construction materials show a declining inflation trend, Deutsche expect the BCRP to adopt a cautious stance due not only to the potential disruption of inflation expectations of the recent inflation surprise but also due to the heightened uncertainty regarding global growth prospects.
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.