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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

MNI BRIEF: China’s April Loan Prime Rate Unchanged

CHINA SETS YUAN CENTRAL PARITY AT 7.1043 MON VS 7.1046

MNI China Daily Summary: Friday, April 19

INDON Sov Curve Flatter, Trade Surplus Soars, BI Decision Wednesday

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

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

Danske Bank: Faster Taper, 3 Hikes In 2022

US OUTLOOK/OPINION
  • Danske Bank have changed their Fed call following Powell's strongly hawkish comments yesterday "that COVID19 outbreaks are inflationary, that it is time to “retire” the word transitory and that the Fed can consider ending QE bond buying “a few months” earlier".
  • They now expect the Fed to accelerate the pace of taper from $15B/mth to $25/mth, which sees tapering concluded in April from June previously.
  • On the back of this, they now see three 25bp hikes in 2022 in Jun, Sep and Dec, with the door potentially open for a May hike. They keep to their call for a further four hikes in 2023.
  • If the Fed increases the tapering pace to $30B, "it would be a strong signal, in our view, that the first rate hike may arrive as early as in March, as the Fed has made it clear that it would like to end QE bond buying before hiking interest rates".
HomepageBulletMarketsFixed 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.