MNI BRIEF: Fed's Goolsbee Sees Rates Down 'Fair Amount' In '25

MNI BRIEF: December Fed Cut 'Absolutely Not' Off Table - Daly

MNI China Daily Summary: Tuesday, Dec 3

MNI BRIEF: China-Based UK Firms Facing Challenges

MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1996 Tue; -1.92% Y/Y

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US BLS: JOLTS OPENINGS RATE 7.744M IN OCT

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

Boric To Insist On Pushing Through Tax Reform Bill

CHILE
  • Barring a major surprise from the US jobs data, firmer risk sentiment should underpin the Chilean peso at Friday’s open. Major global equity indices are rising alongside strength in copper after the report that China is considering new stimulus measures to boost its ailing economy.
  • Chilean President Gabriel Boric vowed to take a revamped tax reform proposal to the nation’s Senate next month to finance a long list of social promises outlined in his annual State of the Nation address on Thursday.
    • The administration is counting on new income to finance a wide range of programs focused on social rights, public security and sustainable development.
    • “Neither this government nor any other will be able to advance in fulfilling these rights without a tax reform,” Boric said. “If we don’t do it now, it will be up to the next person who holds this position. Let’s not continue to delay this.”
  • No domestic data on Friday so focus turns to next week’s trade balance figures and May CPI where the annual reading is expected to recede further to 8.9% Y/y from the April print of 9.9%.
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.