BOC SAYS DON'T EXPECT RATES TO RETURN TO PRE-COVID LEVELS

MNI BRIEF: BOC Says Time For Rate Cut Is Nearing

BOC REITERATES TIME FOR RATE CUT IS GETTING NEARER

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

France Industrial Production Continues to Stagnate

MNI: FRANCE MAR INDUSTRIAL PRODUCTION -0.3% M/M, +0.7% Y/Y

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Camara Swap Rates Surge Following BCCh Decision & Costa Remarks

CHILE
  • Chilean swap rates are extending their advance higher on Friday after central bank President Rosanna Costa told Bloomberg that policymakers wouldn’t start cutting borrowing costs until a slowdown in inflation was consolidated.
  • The comments come a day after the central bank decision and statement where the unchanged guidance was seen as a moderately hawkish signal. President Costa’s remarks appear to embolden this viewpoint:
    • Inflation remains “extraordinarily high” and the bank needs more time to ensure it’s slowing toward the target before it can ease monetary policy, Costa said in a Bloomberg Television interview.
  • Chile Camara Swaps:
    • 1-yr +17 bps at 9.42%
    • 2-yr +16 bps at 7.20%
    • 5-yr +15 bps at 5.58%
    • 10-yr +13 bps at 5.29%
    • 30-yr +12 bps at 5.35%
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.