BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

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

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

Scotiabank Forecasting 50BP BanRep Rate Cut Next Week

COLOMBIA
  • Scotiabank are siding with market pricing in forecasting a 50bp rate cut to 11.75% at BanRep’s April meeting, probably with a split vote. They expect the central bank to accelerate the easing cycle towards the end of the year, ending at 8.25%.
  • The board’s main concern remains the risk premiums that could be reflected in the exchange rate and delay the convergence of inflation to the target. However, economic activity and the external balance show worrying signs in some relevant sectors.
  • Recent data on economic activity and imports indicate that investment remains low, marking a discouraging start to the year, especially in sectors related to capital goods and those related to the construction sector.
  • In addition, imports related to durable and semi-durable goods continue to be in the red due to lower household demand, reflecting the impact of high interest rates on the economy and inflation that is not anchored to its target.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.