-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessCiti Expect Unchanged BCRP, Goldman See Close Call Decision
- Citi forecast BCRP to keep the policy interest rate unchanged in their first decision of 2023.
- Inflation surprised on the upside in December but remained below last June's peak. Citi recognize this inflation surprise puts pressure on the Central Bank to consider the possibility of another hike, but also realize these pressures are supply driven, influenced by the ongoing social unrest, and should be short-lived. They continue to expect inflation to decrease through 2023.
- Goldman Sachs expect the MPC to hike 25bp, to 7.75%, but see the decision as a close call between a 25bp hike and a hold-and-monitor coupled with hawkish signals that the MPC would be open to resuming tightening if warranted. A 25bp hike may be followed by language and forward guidance suggesting the potential end of the tightening cycle.
- In their assessment, a 25bp hike would be warranted given a backdrop where (1) inflation surprised to the upside in Dec and remains highly inertial; (2) core ex-food & energy and services inflation continues to track uncomfortably above target; (3) the FOMC signaled a tightening cycle with a higher peak rate; (4) Governor Velarde recently highlighted the robustness of private consumption and credit, and stated that inflation is expected to decelerate visibly starting in June (previously in April); and (5) the domestic political and policy environment remains highly uncertain after former President Castillo’s removal from office prompted congress to extend the current legislative session through Jan 31 (originally set to expire last Dec) to debate constitutional amendments to reform the political system.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.