MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1918 Mon; -1.35% Y/Y

CHINA PRESS: Yuan To Reach 17% Of Global Payments By 2035

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JP Morgan Expect 50bp Rate Hike in July; Increase GDP Growth Estimates

RUSSIA
  • JPM expect the board to act at the July meeting, hiking the key rate 50bp to 8.0%, followed by a couple more hikes later in the year to bring the rate to 9.0% by year-end. They think the tightening cycle should be brief and once the economy cools off and inflation stabilizes around the 4% target – perhaps later in 2024 – the CBR should be able to reverse course.
  • JPM entered the year with a forecast of Russia’s GDP declining 1.0% in 2023. Now, they predict 2023 GDP will increase 2.4%, followed by 1.7% growth in 2024. Their 2023 growth forecast stands above the CBR’s 0.5-2.0% range, although CBR officials have already admitted that growth is tracking closer to the upper end of the range.
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.