MNI China Daily Summary: Wednesday, February 19

MNI BRIEF: China Jan Utilised FDI Lower Than Last Year

MNI BRIEF: China Unveils Plan To Attract Foreign Investors

MNI BRIEF: China To Ensure Credit Supply For Private Companies

MNI BRIEF: China Bond Connect Holdings Down In January

MNI: China Tier-one Housing Markets Likely To Stabilise

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI: UK JAN CPI -0.1% M/M, +3% Y/Y

RBNZ SAYS IT HAS SCOPE TO LOWER FURTHER IN 2025

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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CHILE: BCCh Traders Survey Expected, USDCLP At Three-Month Lows

CHILE
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  • The BCCh’s traders survey will be released at 1130GMT(0630ET), with attention on market participants’ interest rate forecasts for the comings meetings. In the previous survey, rates were expected to stay on hold through March and April, although scope was still seen at that time for a further 25bp cut over a 12-month horizon.
  • Since then, the central bank signalled an extended pause at its January MPC meeting and this week’s minutes to that meeting were more hawkish than expected, potentially opening the door to rate hikes later this year.
  • Buoyed by the hawkish tilt from the central bank, the Chilean peso has outperformed this week, with the currency rallying almost 2% further against the dollar to its strongest level for three-months. Further copper price gains to their highest since last May have also provided a tailwind. USDCLP closed yesterday at 945.375, with sights on 940.35, the 61.8% retracement of the upleg between Sep 27 ‘24 - Jan 3.
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  • The BCCh’s traders survey will be released at 1130GMT(0630ET), with attention on market participants’ interest rate forecasts for the comings meetings. In the previous survey, rates were expected to stay on hold through March and April, although scope was still seen at that time for a further 25bp cut over a 12-month horizon.
  • Since then, the central bank signalled an extended pause at its January MPC meeting and this week’s minutes to that meeting were more hawkish than expected, potentially opening the door to rate hikes later this year.
  • Buoyed by the hawkish tilt from the central bank, the Chilean peso has outperformed this week, with the currency rallying almost 2% further against the dollar to its strongest level for three-months. Further copper price gains to their highest since last May have also provided a tailwind. USDCLP closed yesterday at 945.375, with sights on 940.35, the 61.8% retracement of the upleg between Sep 27 ‘24 - Jan 3.