MNI BRIEF: US Treasuries Seen Increasingly Risky-JH Paper

MNI: FED’S POWELL: TIME HAS COME FOR POLICY TO ADJUST

MNI China Daily Summary: Friday, Aug 23

MNI: PBOC Net Injects CNY241.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Fri; +2.17% Y/Y

CHINA PBOC CONDUCTS CNY379.3 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: US JUL NEW HOME SALES +10.6% TO 0.739M SAAR

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

MNI: CANADIAN JUN RETAIL SALES -0.3%; SALES EX-AUTOS/PARTS +0.3%

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

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

LarrainVial See CLP Weakening to 950-1000/USD in 6 Months

CHILE

Bloomberg have reported that LarrainVial say the Chilean Peso should continue to depreciate to 950-1000 per dollar in the next six months, LarrainVial head of research said in a note.

  • As long as depreciation is due to external factors, the central bank should refrain from intervening, especially given Chile’s need to narrow the current account deficit
  • The central bank will raise rates faster to induce a quicker decline in “stubbornly vigorous” domestic demand. MPR to rise to 10% from 9% at July meeting.
  • GDP to grow 1.5% in 2022 and contract 1% in 2023
  • Inflation to reach 15% y/y by Sept. 2022. LarrainVial doesn’t see larger pass-through as GDP should start to fall in 2H 2022
  • The yield of nominal BTP 2030 bonds should drop below 6% amid slowdown.
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.