MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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

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

Goldman Sachs: Base Case For Similar Moves In Coming BanRep Meetings

COLOMBIA
  • The larger but still relatively moderate 50bp rate cut (vs. two previous 25bp moves) found a middle ground for a central bank that is willing to dial back the level of policy restraint at a faster pace, while maintaining the cautious approach to avoid derailing the disinflation process.
  • Although the Board did not pre-commit to delivering similar moves in upcoming meetings, this remains Goldman Sach’s base case. As the current sources of uncertainty continue to dissipate, GS believe that follow-up 50bp cuts will allow the central bank to normalise further the very restrictive policy stance at a reasonable pace.
  • Goldman Sachs continue to view the hurdle for an imminent acceleration in the pace of cuts as high. For one, while several inflation expectations measures have declined, they are not necessarily consistent with the Board’s belief that inflation will converge to target during H1 2025. For another, core services inflation has steadily firmed since October, and continues to track at near-peak levels. In turn, GS view the unexpectedly strong January real activity print as lessening the urgency to deliver larger cuts to stimulate the economy.
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.