MNI BRIEF: Aussie Unemployment Rises To 4.1% In April

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

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -3.70% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1020 THURS VS 7.1049

MNI BRIEF: Focus Support For Cutting-Edge Tech - Ministry

Australia Apr Unemployment Rate 4.1%

MNI:AUSTRALIA APR UNEMPLOYMENT RATE +4.1%

MNI JAPAN Q1 REAL GDP -0.5% Q/Q; MNI MEDIAN -0.4%

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI Peru Central Bank Preview – May 2024: Softer CPI Could Tilt BCRP To Continue Easing

The majority of analysts are expecting the BCRP to continue the easing cycle this week with a 25bp reference rate cut to 5.75%.

LatAm Bank - PreviewHomepageEM Central Bank ReportsEM Central Bank PreviewEmerging Market News

Executive Summary

  • Monetary policy decision and statement press release: 1900ET/1800Local - Thursday, May 09, 2024.
  • Most analysts expect the BCRP to cut the reference rate by 25bps to 5.75%.
  • A softer-than-expected inflation reading in April has seen annual headline CPI trending towards the BCRP’s target of 2% which could justify further policy easing at this juncture.
  • However, the hawkish repricing for the Federal Reserve and volatile external conditions has prompted some analysts to forecast an unchanged decision this week.
  • An ongoing cautious approach from the committee and the benefit of having twelve meetings per calendar year make this week’s decision a close call.

Click to view the full preview:

MNI Peru Central Bank Preview - May 2024.pdf

120 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

  • Monetary policy decision and statement press release: 1900ET/1800Local - Thursday, May 09, 2024.
  • Most analysts expect the BCRP to cut the reference rate by 25bps to 5.75%.
  • A softer-than-expected inflation reading in April has seen annual headline CPI trending towards the BCRP’s target of 2% which could justify further policy easing at this juncture.
  • However, the hawkish repricing for the Federal Reserve and volatile external conditions has prompted some analysts to forecast an unchanged decision this week.
  • An ongoing cautious approach from the committee and the benefit of having twelve meetings per calendar year make this week’s decision a close call.

Click to view the full preview:

MNI Peru Central Bank Preview - May 2024.pdf