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

MNI China Daily Summary: Monday, December 9

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

MNI BRIEF: Mexico Inflation Down To 4.55% In November

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

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

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

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

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

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

BCCh Minutes From August Meeting Released

CHILE
  • Full release of the Chilean Central Bank minutes from the August 31 meeting:
  • https://www.bcentral.cl/documents/33528/3191372/mi...
  • "Consistent with this assessment, and because the starting point was exceptionally low for the MPR, the Board concurred that it was necessary to implement a rapid adjustment of the monetary impulse that would bring the policy rate close to its neutral value by the middle of the first half of 2022. Considering the frequency of the monetary policy meetings under the rules in place since 2018, this translated into the MPR needing to be raised by between 50 and 75 basis points (bp) over several meetings, making them the plausible options for this occasion."
  • Discussion of whether a 50bps might be more appropriate to suit market expectations countered by:
  • "Several Board members pointed out that, while the decision of a 75bp hike might surprise the market, it was totally consistent with a scenario where inflation and projected growth were also higher than what the average analyst assumed. In addition, such a choice had the advantage of supporting a more effective communication regarding a rate path that ran clearly above what the market was considering at the time."
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.