MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1025 WEDS VS 7.1028

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Japan March Exports Hit 4th Straight Rise

Japan Mar Exports +7.3% Y/Y; Imports -4.9% Y/Y

MNI: JAPAN MARCH EXPORTS +7.3% Y/Y; FEB +7.8%

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BCCh Analyst Views

CHILE
  • Morgan Stanley: The central bank opted to maintain more hawkish rhetoric from its previous monetary policy report and meeting, stressing that two-year inflation expectations remain de-anchored and that risks to the disinflation process remain.
  • Barclays: The BCCh will have to be cautious regarding the start of the easing cycle. Barclays’ policy path remains above the midpoint of the corridor in the December IPoM in H1 2023. The BCCh will stay on hold in April and could start cutting only in May or June. They remain on the sidelines on rates.
  • JPMorgan: The Board had a mission going into the January policy meeting: to secure the disinflation path ahead by avoiding further easing of broad monetary conditions—in other words, to deliver a hawkish-flavoured statement. JPM maintain call of starting to trim the nominal policy rate in April, with a 50bp cut. They expect the policy rate to converge to 7.5% by December 2023, and 5.5% by the end of 2Q24.
  • Goldman Sachs: Their view for the path of monetary policy remains unchanged as it is paramount that the central bank remains conservative and maintains a restrictive monetary stance. As inflation and inflation expectations consolidate a trend downwards and the positive output gap narrows, GS expect the central bank to be able to move its nominal policy rate lower while upholding a restrictive monetary stance.
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.