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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.
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Free AccessScotiabank Sees Banrep Waiting Until Dec’23 or Jan’24 for First Rate Cut
- Scotiabank write that the last line of the Banrep statement emphasized the need to be prudent and not start an easing cycle that could be unsustainable in the future. Additionally, they added that high inflation plays a negative role in terms of sustainable long-run growth and social equality.
- This demonstrates that BanRep is still very focused on inflation convergence, and despite some economic signals revealing weaknesses, the board didn’t show a significant concern.
- All in all, it seems BanRep wants to see more significant progress in inflation before starting the easing cycle. They think a rate cut in December 2023 or January 2024 is most likely. They think BanRep would prefer to wait and see what happens with the minimum wage before starting the easing cycle.
To read the full story
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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.