MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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

MNI BCB Review - June 2022: Further Tightening Signalled

MNI BCB Review - June 2022

MNI BCB Review - June 2022

Executive Summary

  • At the June 15 meeting, the Copom unanimously decided to increase the Selic rate by 50BPs from 12.75% to 13.25%. This decision was in line with the majority of surveyed analysts, with just two predictions for a bolder 75bp move.
  • Significantly, there were no explicit signals as to when the hiking cycle will end.
  • The Copom stated that given the risk of a deanchoring of longer-term inflation expectations, it remains appropriate to continue with the process of monetary tightening “significantly into even more restrictive territory”.
  • In terms of forward guidance, the Copom projects another Selic rate adjustment, “of the same or lower magnitude”.
  • Worth noting, today is a local holiday in Brazil for Corpus Christi Day and so markets will reopen Friday.

Click to view full review: MNI BCB Review - June 2022.pdf

HomepageLatAm Bank - ReviewAnalysisEM Central Bank ReportsEM Market AnalysisEM Central Bank ReviewEmerging Market NewsCentral Bank of Brazil - Review
HomepageLatAm Bank - ReviewAnalysisEM Central Bank ReportsEM Market AnalysisEM Central Bank ReviewEmerging Market NewsCentral Bank of Brazil - Review

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.