Makro Haberleri

UOB economists Julia Goh and Loke Siew Ting highlight that the Bangko Sentral ng Pilipinas (BSP) has started a new tightening cycle, lifting the Target Reverse Repurchase (RRP) rate to 4.50% and signalling further hikes.

Standard Chartered’s Dan Pan expects Banco Central do Brasil (BCB) to continue its cautious easing cycle, projecting a 25bps cut at the 29 April meeting as inflation risks remain elevated.

Nomura analysts expect the European Central Bank (ECB) to keep the depo rate at 2.00% at the 30 April meeting and to maintain this level through Q4 2027.

BNY’s Geoff Yu argues that recent European inflation data do not yet justify pre-emptive tightening by the European Central Bank (ECB) or Bank of England (BoE).

EUR/CAD extends its losing streak for the seventh consecutive day, trading around 1.5980 during the European hours on Thursday. The currency cross remains in the negative territory following the release of Purchasing Managers’ Index (PMI) data from Germany and the Eurozone.

Danske Research Team underlines that Japan’s March national Consumer Price Index (CPI) is unlikely to show a surge, contrasting with global inflation trends, with consensus at 1.8% for CPI excluding fresh food.