Free Trial

Brazil Central Bank Decision, Colombia & Argentina Trade Data

LATAM
  • Wednesday’s focus will be on the Brazil central bank meeting/decision after the market close. In Colombia, DANE will publish data on imports and the trade balance for April. Later in the session, Argentina will also report their trade balance data for May.
  • The People’s Bank of China will likely hold off further cuts to key interest rates, though another reserve requirement ratio reduction cannot be ruled out in Q3 should stimulus measures fail to boost the economy, economists and analysts said. China's Loan Prime Rate was lowered Tuesday with the one- and five-year plus maturities reduced 10bp, the first cut since July 2022.
  • The ECB can only pause interest rate hikes at its September meeting if it’s certain that core inflation is under control, Governing Council member Peter Kazimir said on Wednesday, echoing several other members on the ECB governing council. If the pace of underlying price increases persists, then there will be further monetary tightening, he told journalists at a news conference in Bratislava.
  • UK inflation data offered no relief for embattled Bank of England rate setters, as core inflation accelerated further. The MPC meet Wednesday to decide the next move on interest rates and while a 25bps hike to 4.75% remains the most likely outcome, the chances now increase that a stronger argument will be made by the hawks for a return to 50bps increments.

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.