Free Trial

Brazil IPCA Inflation Data, US GDP & ECB Decision Expected

LATAM
  • Brazil mid-October inflation data headlines the early docket in LatAm and crosses with Mexico unemployment rate for September. After the close, the Chile central bank policy decision is scheduled. The surveyed median estimate remains for the BCCh to cut the policy rate by 75bps to 8.75%.
  • Focus in the US will be on the advance GDP print, at which markets expect a bumper print that's continued to firm across the year, with some sell-side estimates even topping 5% for the Q/Q annualized reading.
  • The ECB is not expected to deliver any material policy changes at the October meeting. In addition to clearly indicating in September that policy rates are at (or at least very near) peak levels, the ECB will remain on hold given the recent downside inflation surprise, weak growth, delayed impact of previous tightening and notable dilution of hawkish pressure on the GC.

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.