MNI China Daily Summary: Wednesday, Aug 28

MNI DATA TABLE: MNI China Interbank Liquidity Index (Aug) - 3

MNI DATA TABLE: MNI China Interbank Liquidity Index (Aug) - 2

MNI: PBOC Net Injects CNY19.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1216 Weds; +2.31% Y/Y

CHINA PBOC CONDUCTS CNY277.3 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: FRANCE AUG CONSUMER SENTIMENT 92

MNI China Liquidity Index™ – Conditions Edge Tighter In Aug

MNI DATA TABLE: MNI China Interbank Liquidity Index (Aug) - 1

UK: Week Ahead

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

Scotiabank on Colombia Inflation/BanRep Forecast

COLOMBIA
  • Half of total inflation in 2021 was explained by food inflation, and around a quarter of total inflation was on four items: meat (+33% y/y), chicken (+26.4% y/y), potatoes (+111% y/y), and cooking oil (+48% y/y). All of these items were affected by higher input prices and currency depreciation.
  • A second effect that led to 2021 inflation was the normalization in the economic activity which led to higher prices in services and rent fees.
  • Looking ahead, indexation effects are a source of concern, which Scotiabank think could lead to inflation closing above 4% this year.
  • In terms of monetary policy, the Board is likely to be more hawkish in the January meeting where Scotiabank’s basecase scenario is now a 75 bps rate hike to 3.75% in a still-split decision.
  • Scotia expect the central bank’s policy rate to reach its terminal level of 5% in April’s meeting with inflation in Q1-2022 surpassing 6%. Inflation should then begin to moderate given base-level effects.
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.