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MNI China Daily Summary: Tuesday, March 28

MNI BRIEF: Japan's Trimmed Mean Slows To 2.7% - BOJ

MNI BRIEF: Impact of AT1 On Japanese Banks Is Limited - Suzuki

SARB Data Watch

MNI: US REDBOOK: MAR STORE SALES +2.9% V YR AGO MO

MNI: ITALY MAR CONSUMER CONFIDENCE 105.1

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

MNI BRIEF: Fed's Barr: Will Use All Tools To Keep Banks Safe

(RPT)MNI INTERVIEW:Ex-FDIC Chair Downplays Bank Contagion Risk

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Itaú Do Not Discard Signal To End Cycle At This Meeting

MEXICO
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  • Itaú expect headline and core inflation at 0.63% mom and 0.65% respectively. They expect headline inflation will likely reflect pressure from core food and services CPI (reflecting price updates mainly in housing and restaurants in 1H Jan). Pressure on the non-core CPI will likely come from a seasonal adjustment in government regulated tariffs.
  • Assuming their forecast is correct, headline inflation would stand at 7.86% in January (from 7.82% in December), while core inflation would increase slightly to 8.39% (from 8.35%).
  • Itaú expect a 25-bp hike (from 50-bp), reaching a level of 10.75%. They think the end of the hiking cycle is near and don’t discard the central bank signalling an end to the hiking cycle in this meeting given the recent dovish tone of the Fed.

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  • Itaú expect headline and core inflation at 0.63% mom and 0.65% respectively. They expect headline inflation will likely reflect pressure from core food and services CPI (reflecting price updates mainly in housing and restaurants in 1H Jan). Pressure on the non-core CPI will likely come from a seasonal adjustment in government regulated tariffs.
  • Assuming their forecast is correct, headline inflation would stand at 7.86% in January (from 7.82% in December), while core inflation would increase slightly to 8.39% (from 8.35%).
  • Itaú expect a 25-bp hike (from 50-bp), reaching a level of 10.75%. They think the end of the hiking cycle is near and don’t discard the central bank signalling an end to the hiking cycle in this meeting given the recent dovish tone of the Fed.