MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Sell-Side Desks Undecided on Impact of July Inflation on Short-Term Rate Prospects

HUNGARY
  • Goldman Sachs say that while inflation has been improving, the Forint has recently come under depreciation pressure and remains vulnerable to risk-off shocks. They believe that the recent weakness poses an upside risk to short-term rate prospects.
  • JP Morgan say the NBH will stay on predictable path till September, but what happens next is more uncertain with risks building for 4Q23 base rate cuts. By September, they expect that the latest available data will still show core inflation around 14-15%oya, and given the central bank’s preference for caution, they would expect a pause in the cutting cycle there, to be re-initiated at the start of 2024.
  • ING say that the July inflation figure does not change the big picture as it is anticipated that disinflation will continue. In light of the data, ING say a single-digit inflation rate at the end of the year looks certain and that we could see a sub-10% rate as early as November. However, in ING’s view, the July inflation indicator is unlikely to have a significant impact on monetary policy.
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.