Free Trial

MNI CBRT Preview - September 2024: Too Early to Start Easing

The CBRT is expected to keep its one-week repo rate unchagned at 50%.

MNI (LONDON) - Executive Summary:

  • The CBRT is expected to keep its one-week repo rate unchanged at 50% and maintain a hawkish tilt to its communication. Among sell-side, analysts remain divided over the timing of the first rate cut.
  • Some see an easing cycle commencing as soon as the October or November meetings, while others expect rates to remain on hold through the remainder of the year.
  • Guidance in the policy statement will therefore be closely watched, in particular whether officials will stick with its tightening bias or shift to a more neutral stance.  

See the full preview, with a summary of sell-side analyst views, here:

Keep reading...Show less
238 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.

MNI (LONDON) - Executive Summary:

  • The CBRT is expected to keep its one-week repo rate unchanged at 50% and maintain a hawkish tilt to its communication. Among sell-side, analysts remain divided over the timing of the first rate cut.
  • Some see an easing cycle commencing as soon as the October or November meetings, while others expect rates to remain on hold through the remainder of the year.
  • Guidance in the policy statement will therefore be closely watched, in particular whether officials will stick with its tightening bias or shift to a more neutral stance.  

See the full preview, with a summary of sell-side analyst views, here:

Keep reading...Show less