MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

BCCh Governor Costa Says Inflation In Line With Central Bank Expectations

CHILE
BulletEM BulletEmerging Market NewsHomepage
  • BCCh Governor Rosanna Costa said over the weekend that inflation has been in line with central bank expectations, despite the slight upside surprise to market forecasts in last week’s April data. She noted that there may be some transitory pressures from higher energy prices and the weaker FX, but she added that inflation has eased significantly and will converge to target within the policy horizon.
  • Her comments follow the increase in April chained CPI inflation to 4.0% y/y, from 3.7%, which was 20bp above the 3.8% consensus. Meanwhile, last week’s central bank economist survey showed that analysts expect the central bank to slow the pace of rate cuts to 50bp, from 75bp, at its May meeting.
  • This week, the central bank publishes its latest traders survey on Thursday, which will include market participants forecasts for the interest rate outlook. The next MPC meeting will be on May 23.
146 words

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.
  • BCCh Governor Rosanna Costa said over the weekend that inflation has been in line with central bank expectations, despite the slight upside surprise to market forecasts in last week’s April data. She noted that there may be some transitory pressures from higher energy prices and the weaker FX, but she added that inflation has eased significantly and will converge to target within the policy horizon.
  • Her comments follow the increase in April chained CPI inflation to 4.0% y/y, from 3.7%, which was 20bp above the 3.8% consensus. Meanwhile, last week’s central bank economist survey showed that analysts expect the central bank to slow the pace of rate cuts to 50bp, from 75bp, at its May meeting.
  • This week, the central bank publishes its latest traders survey on Thursday, which will include market participants forecasts for the interest rate outlook. The next MPC meeting will be on May 23.