-
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 Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Close
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.
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 AccessTrending Top 5
Market News Topics
September 16, 2021 11:26 GMT
Goldman Sachs On BCCh Minutes: October 75bps Hike Warranted
CHILE
- Overall, the minutes show that the MPC turned visibly more hawkish given significant changes to macro outlook: overheating domestic demand, sizeable positive output gap, and sharp deterioration of the current and prospective inflation outlook amidst a balance of risks for inflation still skewed to the upside.
- In their assessment, given the backdrop of an overheating economy (positive output gap and visible deterioration of the external accounts despite favourable terms of trade) and above-target inflation throughout the relevant horizon for monetary policy, the monetary stance needs to eventually move into slightly restrictive territory.
- The upcoming September inflation print and legislative developments around a potential fourth withdrawal of pension savings will ultimately determine whether at the Oct 13 meeting the MPC will follow-up with another 75bp hike or go back to a milder 50bp hike. In their view, another 75bp rate hike is warranted.
- At this juncture GS expect the policy rate to reach 2.50%-2.75% by end-2021, and further up to a slightly restrictive 4.00%-4.25% by end-2022, i.e., modestly above-neutral.
To read the full story
Close
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.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok