FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Goldman Sachs Expect Another 25bp BCRP Rate Cut This Week

PERU
  • Goldman Sachs believe that BCRP remains comfortable with the overall dynamics of the disinflation process. Inflation momentum is still contained, one-year ahead expectations continue to approach the target, and the PEN appreciated by 2% since the last MPC meeting, arresting the weak trajectory it was on previously.
  • GS think that BCRP will likely look through the firmer sequential inflation print in February, which was driven by seasonal holiday patterns and one-off factors. They expect inflation to return to the target band over the next couple of months and believe that this backdrop supports a further moderate rate cut.
  • GS continue to view the hurdle for an acceleration in the pace of cuts as high, due to the eroding policy rate differential. Maintaining the pace of cuts is also consistent with the hawkish statement featuring in recent MPC communiques that the 25bp moves do not necessarily imply a cycle of consecutive rate cuts in upcoming meetings.
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.