MNI BRIEF: US Treasuries Seen Increasingly Risky-JH Paper

MNI: FED’S POWELL: TIME HAS COME FOR POLICY TO ADJUST

MNI China Daily Summary: Friday, Aug 23

MNI: PBOC Net Injects CNY241.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Fri; +2.17% Y/Y

CHINA PBOC CONDUCTS CNY379.3 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: US JUL NEW HOME SALES +10.6% TO 0.739M SAAR

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

MNI: CANADIAN JUN RETAIL SALES -0.3%; SALES EX-AUTOS/PARTS +0.3%

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

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

Boric To Name Marcel As Finance Minister, Expected To Boost Local Assets

CHILE
  • President-elect Gabriel Boric is set to announce current central bank president Mario Marcel to be his government’s Finance Minister, newspaper La Tercera reported last night.
  • La Tercera cited unidentified sources of the incoming administration and expect Boric to confirm the announcement at 9 a.m. local time. Marcel is expected to resign from his position at BCCh earlier in the day.
  • While a minor negative for the central bank, the news will be welcomed by Chilean assets that have come under significant pressure in the lead up and during the election cycle. Marcel is an experienced economist and a key architect of Chile’s conservative fiscal spending rule and the appointment confirms a more moderate Boric, boosting investor confidence.
  • JPMorgan have already noted that Marcel’s appointment would stoke a further rally in Chilean equities.
  • The focus will now turn to other appointments within the president-elect’s cabinet, particularly ministers of Interior, Mining, Energy and Labour.
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.