CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Breman: Another hike in September "and maybe even after that"

RIKSBANK
  • "The reason I support a rate rise is because underlying inflation is showing signs of becoming entrenched."
  • "My current assessment is that a rate rise is appropriate at today’s meeting, probably in September and maybe even after that. I support the proposed rate path. I still consider it appropriate to move forward with increases of 0.25 percentage points but, as I said at the last meeting, I do not rule out a return to increases in larger steps"
  • "The other aspect I would like to address regarding the monetary policy deliberations is that it is problematic that many households and companies seem to expect the policy rate to be cut soon... I would also like to emphasise that it is not obvious that the policy rate will be cut, even when inflation has returned to two per cent. To keep inflation low and stable, we may need to hold the policy rate at a higher level than before the pandemic."
  • "The depreciation of the krona is problematic. We have no target for the krona but the long trend of a weak krona is counteracting a decline in inflation."
  • "The conditions are favourable for a continued decline in inflation but this rests entirely on monetary policy staying on the chosen course. Monetary policy needs to be significantly contractionary for a considerable period going forward in order for us to return to sustainably low and stable inflation."
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.