MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Japan Oct Core CPI Rises 2.3%, Services Rise

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

MNI: UK NOV GFK CONSUMER CONFIDENCE INDEX -18

MNI JAPAN OCT CORE CPI +2.3% Y/Y; SEPT +2.4%

MNI: FED BALANCE SHEET TOTAL ASSETS -$43B TO $6.924T IN WEEK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

MNI BCRP Review - Oct 2024: Unexpected Hold

Peru’s central bank unexpectedly kept its reference rate unchanged at 5.25%, against forecasts for a further 25bp cut.
PeruCentral Bank of Peru - ReviewHomepageLatAm Bank - ReviewAnalysisEM Central Bank ReportsEM Central Bank ReviewGlobalStoryRegion

Executive Summary

  • Peru’s central bank unexpectedly kept its reference rate unchanged at 5.25%, against most analysts’ expectations for a further 25bp cut.
  • Despite soft September CPI data, the board highlighted a temporary uptick in inflation that is expected in Q4, as well as concerns about mounting geopolitical risks.
  • Analysts expect the central bank to continue with gradual rate cuts ahead, but with risks of another pause next month, which may provide some support to the currency.

Click to view the full review: MNI Peru Central Bank Review - October 2024.pdf

87 words

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.

Executive Summary

  • Peru’s central bank unexpectedly kept its reference rate unchanged at 5.25%, against most analysts’ expectations for a further 25bp cut.
  • Despite soft September CPI data, the board highlighted a temporary uptick in inflation that is expected in Q4, as well as concerns about mounting geopolitical risks.
  • Analysts expect the central bank to continue with gradual rate cuts ahead, but with risks of another pause next month, which may provide some support to the currency.

Click to view the full review: MNI Peru Central Bank Review - October 2024.pdf