MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

JPMorgan Continue To Expect Easing Cycle To Start In June 2023

BRAZIL
  • The conditions needed for a change in BCB’s posture remain distant. Therefore, the overall message should be of continuity of the policy rate at 13.75% for a prolonged period. BCB seems to be aiming at avoiding signals that would prematurely ease financial conditions, thus JPMorgan don’t anticipate meaningful changes to the communication.
  • They expect two things to be different from the last meeting. First, the decision to keep rates on hold will likely be a consensus among COPOM members whereas the last decision was split. Second, as happened last year, BCB should now assign equal weights to its forecasts for 2023 and 2024, instead of giving a larger weight to next year. They don’t expect meaningful changes to the characterization of the domestic and global scenarios.
  • JPM continue expecting the easing cycle to start in June next year—a date that was even explicitly mentioned by Governor Campos recently.
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.