FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Accounts Lean Into Market Pricing

ECB
  • Relatively few new details in the ECB accounts that weren't contained in March's policy statement - and accounts lean into market pricing that favours the June over April meeting as the first step in any easing process. Resultingly, little reaction across EUR, EGBs. EUR/USD holds just below first resistance at 100-dma of 1.0876.
  • Accounts seem to favour waiting until June before making key policy decision: "It was highlighted that, in addition to new staff projections, the Governing Council would have significantly more data and information by the June meeting, especially on wage dynamics. By contrast, the new information available in time for the April meeting would be much more limited, making it harder to be sufficiently confident about the sustainability of the disinflation process by then."
  • On the services prices gap: "The point was made that services inflation had also been higher than in a normal disinflation episode because wages had responded at a slower pace to the supply shock from energy prices. Given the price level gap between goods and services, it was at present not clear whether services prices would converge to goods prices or the other way round."
  • Full ECB accounts link here
Credit BulletsEM BulletFixed Income BulletsHomepagemarkets-real-timeCreditBulletMarketsEmerging Market NewsForeign Exchange BulletsEuropean Central Bank (ECB) Market News
Credit BulletsEM BulletFixed Income BulletsHomepagemarkets-real-timeCreditBulletMarketsEmerging Market NewsForeign Exchange BulletsEuropean Central Bank (ECB) Market News

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.