Free Trial
USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • JPM analysts expect NBH to leave the 1w-depo unchanged tomorrow, hiking only in the regular policy meeting, but a small move cannot be ruled out.
  • Analysts expects a 30bp hike to both the 1w-depo and the base rate at this month’s policy meeting.
  • In JPM view the recent 1w-depo hikes are not to be reversed, as the inflation outlook will stay elevated throughout 2022. Instead it is the base rate which will catch up to the depo.
  • JPM expect that at this month’s policy meeting both rates will be lifted by 30bps (base rate to 2.4% and 1w-depo to 3.4%), a pace which will continue in early 2022.
  • The 1w-depo will likely peak at 4% in 1Q22, and after that the central bank will gradually lift the base rate only, until it reaches the same level as the depo around mid-year.