MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

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

Itaú Says BCB Should Indicate That Risks To Inflation Remain Symmetrical

BRAZIL
  • Itaú expect the Copom to keep the Selic rate stable, at 13.75%. Once again, the committee will likely reinforce that its monetary policy stance will remain vigilant as a way to persevere in the disinflation process until convergence is achieved and expectations are anchored around the targets.
  • Moreover, Itaú expect the committee to signal that it will not hesitate to resume the adjustment cycle if the disinflation process does not proceed as expected.
  • Regarding the balance of risks, the committee should indicate that it still sees symmetrical risks to inflation. Itaú expect the committee to mention that it will continue to monitor with serenity and attention future developments in fiscal policy, with an emphasis on the evolution of the country's fiscal framework and fiscal stimuli that imply sustaining aggregate demand, and additionally, the impacts of recent corporate credit events.
  • With regard to the external environment, it will continue to monitor the unfolding of the current banking turmoil with serenity and monitor its effects on asset prices and global activity.
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.