8 Jun 2015
LATAM central banks ahead in the week – BBH
FXStreet (Edinburgh) - The research team at BBH reports the central bank meetings due this week in the LATAM space.
Key Quotes
“Chile central bank meets Thursday and is expected to keep rates steady at 3.0%. On Monday, May CPI was reported at 4.0% y/y vs. 4.1% in April. This is right at the top of the target range of 2-4%. So despite the slowing economy, we think the central bank is likely to remain on hold until inflation improves further”.
“Peru central bank meets Thursday and is expected to keep rates steady at 3.25%. May CPI was reported at 3.37% y/y vs. 3.02% in April. This is the highest since June 2014 and above the target range of 1-3% for three straight months. So despite the slowing economy, we think the central bank is likely to remain on hold until the inflation trajectory improves”.
Key Quotes
“Chile central bank meets Thursday and is expected to keep rates steady at 3.0%. On Monday, May CPI was reported at 4.0% y/y vs. 4.1% in April. This is right at the top of the target range of 2-4%. So despite the slowing economy, we think the central bank is likely to remain on hold until inflation improves further”.
“Peru central bank meets Thursday and is expected to keep rates steady at 3.25%. May CPI was reported at 3.37% y/y vs. 3.02% in April. This is the highest since June 2014 and above the target range of 1-3% for three straight months. So despite the slowing economy, we think the central bank is likely to remain on hold until the inflation trajectory improves”.