MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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MNI Chile Central Bank Preview - April 2024: Analyst Views

The majority of analyst forecasts within the Bloomberg survey are expecting the easing pace to be decelerated, with the BCCh cutting the MPR by 75bps to 6.5%. However, three analysts are calling for a bolder 100bp move.

LatAm Bank - PreviewHomepageEM Central Bank ReportsEM Central Bank PreviewCentral Bank of Chile - PreviewEmerging Market News

Executive Summary:

  • Large inflation surprises since the last meeting, an increase in inflation expectations and a more cautious Fed stance support the case for a moderation in the pace of rate cuts this month
  • Weakness in CLP will also be a consideration, although BCCh commentary suggest that they think the pass-through to inflation has been limited
  • The majority of analyst forecasts within the Bloomberg survey are expecting the easing pace to be decelerated, with the BCCh cutting the MPR by 75bps to 6.5%. However, three analysts are calling for a bolder 100bp move.

Click to view the full preview:

MNI Chile Central Bank Preview - April 2024 - Analyst Views.pdf

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Executive Summary:

  • Large inflation surprises since the last meeting, an increase in inflation expectations and a more cautious Fed stance support the case for a moderation in the pace of rate cuts this month
  • Weakness in CLP will also be a consideration, although BCCh commentary suggest that they think the pass-through to inflation has been limited
  • The majority of analyst forecasts within the Bloomberg survey are expecting the easing pace to be decelerated, with the BCCh cutting the MPR by 75bps to 6.5%. However, three analysts are calling for a bolder 100bp move.

Click to view the full preview:

MNI Chile Central Bank Preview - April 2024 - Analyst Views.pdf