Latam - BCCh and BCRP likely to keep rates unchanged
The Banco Central de Chile (BCCh) is expected to keep rates at 3.0% on 14 May. The April minutes show that the only policy option discussed was keeping rates on hold, which suggests a united board with a neutral bias. Ac…
The Banco Central de Chile (BCCh) is expected to keep rates at 3.0% on 14 May. The April minutes show that the only policy option discussed was keeping rates on hold, which suggests a united board with a neutral bias.
Activity has been weak but sentiment began to improve in April. President Bachelet's cabinet reshuffle could boost business confidence, allowing stronger growth in H2-2015.
Banco de la Reserva de Perú (BCRP) will also decide rates on 14 May. No changes is expected, but a continued easing bias.
The weaker Peruvian nuevo sol (PEN) has pressured inflation, which is near the top of the target range. Peru's April 2016 presidential elections could begin to have a negative impact on business confidence in H2-2015. BCRP may be saving its bullets for cuts later this year or early next year.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
