CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Chile Central Bank Review – June 2022

CHILE
  • At their June meeting, the BCCh unanimously decided to hike the monetary policy interest rate by 75 basis points to 9%.
  • Important to note, the board stated that “additional adjustments to the MPR will be needed” to achieve the convergence of inflation to target within the two-year horizon, however, these adjustments should be “smaller in magnitude”.
  • As expected, focus turns to today’s Monetary Policy Report. BCCh President Rosanna Costa will present the report before the Senate’s finance committee at 1400BST/0900 local time.
    • The report will contain the details of the central scenario, the sensitivities and risks surrounding it, and its implications for the future evolution of the monetary policy interest rate.
  • The committee stated that April CPI was again higher than expected in March, again owing mainly to the rise in food prices and other volatile components, including fuels.
  • There was an acknowledgment of the deterioration in global growth expectations “in the face of worsening global financial conditions, the evolution of the conflict in Europe and the weakening of the Chinese economy”.
  • Full statement here: https://www.bcentral.cl/c/document_library/get_file?uuid=6410bd30-bb3a-88a5-7e70-553ad402a97b&groupId=33528
    • The minutes of this meeting will be published on June 23 and the next BCCh meeting/decision is scheduled for July 13.
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.