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PBOC Drains Net CNY22 Bln Weds; Rates Unchanged

MNI BRIEF: RBNZ Holds At 5.5%, Adjusts Peak OCR, CPI Calls

CHINA PBOC INJECTS CNY438 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: UK BOE OCT MORTGAGE APPROVALS 47,383

MNI: UK OCT M4 MONEY SUPPLY +0.3% M/M, -3.8% Y/Y

MNI: ITALY NOV CONSUMER CONFIDENCE 103.6

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

MNI RBI Preview - October 2023: On Hold, 'Withdrawal Of Accommodation' To Remain

The RBI is expected to remain on hold given still elevated inflation pressures

Asia Bank - PreviewReserve Bank of India - PreviewHomepageEM Central Bank ReportsEM Central Bank PreviewEmerging Markets News

EXECUTIVE SUMMARY

  • The broad consensus is for no change in the RBI's policy rate tomorrow. This is also our strong bias. Inflation pressures have moved off recent highs, but risks remain around the outlook and it is likely to be too early for the central bank to declare comfort on the price backdrop.
  • Growth appears to be holding up well, particularly compared to the rest of the region.
  • The RBI is likely to maintains its bias around 'withdrawal of accommodation' in terms of language used to describe the policy bias.
  • Full preview here:

    • RBI Preview - October 2023.pdf


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EXECUTIVE SUMMARY

  • The broad consensus is for no change in the RBI's policy rate tomorrow. This is also our strong bias. Inflation pressures have moved off recent highs, but risks remain around the outlook and it is likely to be too early for the central bank to declare comfort on the price backdrop.
  • Growth appears to be holding up well, particularly compared to the rest of the region.
  • The RBI is likely to maintains its bias around 'withdrawal of accommodation' in terms of language used to describe the policy bias.
  • Full preview here:

    • RBI Preview - October 2023.pdf