央行:本周预计亚洲和新兴市场维持观望 – BBH
布朗兄弟哈里曼(BBH)的埃利亚斯·哈达德预计印度储备银行(RBI)、巴基斯坦国家银行(NBP)、秘鲁中央储备银行(BCRP)和韩国银行(BOK)将在即将召开的会议上维持政策利率不变

布朗兄弟哈里曼(BBH)的埃利亚斯·哈达德预计印度储备银行(RBI)、波兰国家银行(NBP)、秘鲁中央银行(BCRP)和韩国银行(BOK)将在即将召开的会议上均维持政策利率不变。然而,该行指出存在不对称风险:RBI可能转向紧缩,NBP可能确认加息预期,BCRP面临通胀上行风险,BOK可能在未来六个月的利率预测中转向偏鹰派。

亚洲和新兴市场央行权衡通胀风险

“印度储备银行(RBI)预计将在周三连续第二次会议上将政策利率维持在5.25%不变。风险在于RBI因通胀前景恶化而将其中性立场转为紧缩。”

“波兰国家银行(NBP)预计将在周四维持政策利率3.75%不变,此前在3月4日的会议上已下调25个基点。需关注行长亚当·格拉平斯基(Adam Glapinski)是否倾向于支持或反对加息预期。掉期曲线预计未来12个月内加息60个基点。”

“秘鲁中央银行(BCRP)预计将在周四连续第七次会议上将利率维持在4.25%不变。鉴于3月份整体和核心CPI通胀均加速超过该行1%至3%的目标区间,加息风险不可排除。”

“韩国银行(BOK)预计将在周五连续第七次会议上将政策利率维持在2.50%不变。风险在于货币政策委员会的利率预测转向偏鹰派,未来六个月可能由维持稳定利率转为加息。”

(本文由人工智能工具协助生成,编辑审核。)

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