BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

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

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

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

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

BCRP: Analyst Views

PERU
  • Deutsche Bank see BCRP raising rates today, although see the bank hesistating on rate hikes above 5.50%. They write that they see Peru as the least sensitive to external developments against their regional peers, but rising inflation turnouts and inflation expectations will likely force their hand.
  • Goldman Sachs write that they expect another 50bp hike, driving the policy rate to 6.00%. They see continued upside surprises in inflation keeping the outlook challenging, with political uncertainty significant. They see further hikes down the line in 2022 to reach a terminal level of 7.00% and expect policy to remain moderately restrictive (slightly above neutral) over the relevant policy horizon.
  • JPM see the upside surprise in Lima CPI as further evidence the bank willl maintain its tightening pace, hiking 50bp today and leaving the door open to additional tightening. They see inflation as not yielding, with core inflation gaining momentum when adjusted for seasonality, despite the slack prevailing in the economy. JPM see fuel and food pressures as likely more persistent in Peru, while government measures had less of an impact than originally entertained.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.