MNI BRIEF: BOE Markets Head Sees Wider Collateral, More Repos

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

MNI: PBOC Conducts CNY58.2 Bln Via OMO Mon; 7day Repo Rate Cut

CBRT Data Watch

NBH Data Watch

Pay concerns push back easing expectations; curve flattens

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

JPMorgan Expect a First 75BP Cut In October

COLOMBIA
  • In terms of CPI forecast, JPMorgan maintain in their central scenario entertaining annual headline CPI easing ahead, converging to 8.5%oya by December 2023 and 4.7% by December 2024.
  • The forecast is predicated on a strong food deflation and a rapid normalization in core goods to offset strong services prices and prevailing indexation of some regulated prices. But core inflation, as measured by BanRep, is only expected to show a clear disinflation by 3Q23.
  • In JPMorgan’s revised central scenario they pencil in the policy rate stable ahead at 13.25% through 3Q23.
  • Assuming no regime change in terms of fiscal policy ahead, JPM now see space for nominal easing in the last quarter of the year, starting with a 75bp cut in October. JPM’s baseline assumes the policy rate converging to 11.75% by Dec-23, and 7.25% by Dec-24.
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.