MNI China Daily Summary: Wednesday, October 16

MNI: ITALY FINAL HICP +1.2% M/M, +0.7%Y/Y

MNI BRIEF: BOJ's Adachi Sees Conditions For Normalisation

MNI: PBOC Net Injects CNY581.4 Bln via OMO Wednesday

CHINA PBOC CONDUCTS CNY642.4 BLN VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1191 Weds; +2.66% Y/Y

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

MNI: US SEP IMPORT PRICES -0.4%

MNI: CANADIAN AUG MANUFACTURING SALES -1.3% MOM

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

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COLOMBIA: Analysts Expect 75bp October Rate Cut, According To BanRep Survey

COLOMBIA
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  • BanRep has published its latest economist survey, revealing that a slight majority of analysts (53.7%) expect the central bank to step up the easing pace at the Oct 31 MPC meeting, with a 75bp rate cut to 9.50%. In contrast, 43.9% of analysts expect it to maintain the current 50bp easing pace.
  • Year-end interest rate expectations remain unchanged, with the policy rate still seen reaching 8.75% this year, before declining to 6.0% by the end of 2025.
  • Headline inflation is now seen ending this year at 5.50% y/y, down 10bp from 5.60% last month, while the end-2025 CPI estimate edged up by 2bp to 3.82%. Core inflation is expected to end this year at 5.70% (vs. 5.69% previously), while the end-2025 forecast was unchanged at 3.74%.
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  • BanRep has published its latest economist survey, revealing that a slight majority of analysts (53.7%) expect the central bank to step up the easing pace at the Oct 31 MPC meeting, with a 75bp rate cut to 9.50%. In contrast, 43.9% of analysts expect it to maintain the current 50bp easing pace.
  • Year-end interest rate expectations remain unchanged, with the policy rate still seen reaching 8.75% this year, before declining to 6.0% by the end of 2025.
  • Headline inflation is now seen ending this year at 5.50% y/y, down 10bp from 5.60% last month, while the end-2025 CPI estimate edged up by 2bp to 3.82%. Core inflation is expected to end this year at 5.70% (vs. 5.69% previously), while the end-2025 forecast was unchanged at 3.74%.