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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.
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Free AccessJPMorgan: Policy Rate Expected To Converge To 6.25% By December
- Following the communication tweaks that accompanied the decision to maintain stable the policy rate last month, and against the backdrop of growth revisions lower and lack of evidence of demand side CPI pressures, JPMorgan continue to see room for the Board to start easing monetary conditions this month.
- Even if the next 12-m inflation expectations have not converged within the target as of yet, maintaining the nominal policy rate for longer would drive the real ex-ante rate higher. A de-facto tighter monetary stance would prove more an additional headwind to activity, amid slack.
- JPMorgan, thus, expect a first policy rate cut for this month, for -25bp. The policy rate is expected to converge to 6.25% by December..
To read the full story
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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.