MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

BoE Data Watch

BoJ Data Watch

Fed Data Watch

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 Drought To Take A Toll On Activity

ARGENTINA
  • Itaú have revised their GDP forecast for 2023 down to -3% from -1.5%, in acknowledgement to recent estimates of a 20% loss of soy and corn production due to bad weather conditions and a negative carry from 2022, in addition to the tight import controls.
  • They also expect an acceleration of inflation in 1Q23, despite the expected contraction in activity due to persistently high inflation expectations as well as inconsistent fiscal and monetary policies. They maintain their inflation forecast of 100% for this year, with upward risk.
  • Itaú expect the administration to once again resort to multiple exchange rates and controls to boost the country’s minimal international reserves and avoid a disorderly depreciation of the official exchange rate.
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.