CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

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

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

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

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

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

Barclays on BRCP: Maintain 50Bp Hiking Pace

PERU
  • CPI increased 0.46% m/m, bringing y/y inflation to 6.24%. Inflation does not seem to have reached its peak yet; Barclays think the pass-through to domestic prices from FX depreciation can continue to push it higher.
  • The political situation remains highly unstable, which is likely to make capital outflows and pressure on the PEN persist.
  • Peru are potentially heading towards its sixth president in four years. The government’s inconsistent policymaking is undermining its own stability. While the opposition is starting to see an impeachment of President Castillo as an alternative, a potential replacement may not be a solution for Peru’s deep political crisis and would signal a faster deterioration of the country’s outlook. His removal from office could lead to multiple iterations in the presidency without a clear, stable outcome.
  • In these conditions, the BCRP will likely maintain its 50bp per month tightening pace, including at this week’s meeting, with risks biased towards having to accelerate if the situation further deteriorates.
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.