MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

EZ/UK T-Bill Calendar: 9/12/28/50-Week BTF Auction on Monday

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

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

Scotiabank On Monetary Policy Implications Of BCCh Announcement

CHILE
  • Scotiabank have noted the central bank has been clear in pointing out that this higher capital requirement does not signal a specific monetary policy action. The separation between preventive measures on financial stability and those of monetary policy are clear for the BCCh.
  • However, Scotiabank highlight that among the justifications for the announced macro-prudential measure, it is indicated that financial conditions and the international scenario have worsened.
  • In this context, markets must remember that the BCCh in its last Monetary Policy Report indicated that "the lower part of the rate corridor is related to a greater than expected deterioration of the international scenario."
  • If indeed, the BCCh has a diagnosis of worsening external conditions with respect to its baseline scenario, it could be expected that June’s Monetary Policy Report will adjust the interest rate corridor downward. The next report will be released on June 19th.
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.