MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BRIEF: ECB's Cipollone Wants Swift Cuts If Forecasts Confirmed

(MNI) Brussels

Some wages recovery is required to bolster the eurozone economy, Executive Board Member Piero Cipollone says.

Policy NewsCentral Bank NewsHomepageStoryCEEMEAEurozoneBriefEuropean Central BankRegion

The European Central Bank should swiftly dial back its restrictive policy stance if incoming data confirm its March economic projections, Executive Board Member Piero Cipollone said in a speech on Wednesday.

Regarding the future path of rates, Cipollone said an “increased confidence in a timely return of inflation to our target should then allow forward-looking information to regain prominence in our reaction function.” (See MNI SOURCES: ECB Cut Expectations Range From 50-100BP In 2024)

Keep reading...Show less
113 words

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.

The European Central Bank should swiftly dial back its restrictive policy stance if incoming data confirm its March economic projections, Executive Board Member Piero Cipollone said in a speech on Wednesday.

Regarding the future path of rates, Cipollone said an “increased confidence in a timely return of inflation to our target should then allow forward-looking information to regain prominence in our reaction function.” (See MNI SOURCES: ECB Cut Expectations Range From 50-100BP In 2024)

Keep reading...Show less