As expected, the bank ended their tightening cycle at 13.25%. The overall message was that a period of evaluation will follow, waiting for the consolidation of the inflation convergence path and for inflation expectations to adjust before evaluating the possibility of lowering rates.
They now expect rates to remain on hold for the remainder of the year, with the bar high for rate cuts to occur in 2023.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

EM Bullet Homepage markets-real-time Bullet Emerging Markets News

Edward Hardy

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

EM Bullet Homepage markets-real-time Bullet Emerging Markets News

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