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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.
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Free AccessBoth Scotiabank and JPMorgan See +25BP BCRP Hike
- Scotiabank’s economist expects another 25bps reference rate hike by BCRP on Thursday. Peru's core inflation rate climbed by another 0.5% m/m NSA which is above seasonal norms for the month, and this raised the y/y rate to 5.7% for its highest since July 2000. Protests that erupted following the December 7th arrest of former President Castillo have disrupted transportation networks and supply chains which adds to upside risks to inflation. Those protests have returned this month.
- JPMorgan expect 2023 inflation to experience a downward trend, converging to 3.8%oya in December and 5.2% on average for the year. In terms of monetary policy, JPMorgan expect the BCRP to hike again by 25bp this week. If so, the policy rate level would reach 7.75%, in what could be the last hike of the current cycle.
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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.