MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

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

JPMorgan See Policy Rate Stable Ahead & 75BP Cut In October

COLOMBIA
  • Following the overnight CPI data JPMorgan have maintained, 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 their revised central scenario, JPMorgan 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.
  • Their 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.