MNI BRIEF: Canada Feb Teranet Home Price Index Record -11% YOY

MNI China Daily Summary: Friday, March 17

MNI BRIEF: PBOC Cuts RRR By 25bp To Boost Economy, Liquidity

MNI DATA FORECASTS: Fed, BOE To Lead

Fed Watch

MNI: US FEB INDUSTRIAL PROD +0.0%; CAP UTIL 78.0%

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

MNI BRIEF: Trudeau Justified Using Emergency Act, Judge Finds

MNI: Canada Boosting Health Spending CAD46.2B Over 10 Years

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
US 10YR FUTURE TECHS

Outlook Remains Bullish

US TSY FUTURES

BLOCK, Jun'23 10Y Buy

CROSS ASSET

Risk-On Through London Close Tilts EUR/USD to New Highs

EURIBOR OPTIONS

Call Seller

OIL

Italian Cabinet To Decide On Go Ahead Of ISAB Refinery Sale

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

ECB Expected To Deliver Another 75bp

ECB
  • Markets have largely priced another 75bp hike by the ECB this week, with sell-side analysts also appearing to unanimously forecast such a move (based on the 17 previews we have seen).-
  • Note that some of the most hawkish members of the GC (Klaas Knot, Boštjan Vasle and Peter Kažimír) will not be voting at this week's meeting. Nonetheless, there is good reason to still expect a 75bp move:
  • 1. Inflation continued to surprise higher last month and is now just a hair's breadth away from double-digit territory.2. Having set the precedent in September of hiking in such large increments, the bar is somewhat lower for hiking in similar sized moves going forward.
  • 2. Several GC members have argued that policy tightening will continue even as economic activity slows.
  • 3. Even the more dovish GC members concede that further policy rate hikes are needed. Again, suggesting a particularly hawkish bias at the moment.
  • 4. Hiking at a slower pace would mean extending the timeframe for reaching 'neutral' (a level still not specifically defined by the ECB) when many on GC seem to want to get to this level as quickly as possible.
EM BulletHomepagemarkets-real-timeEmerging Markets NewsBulletMarketsFixed Income NewsForeign Exchange News

To read the full story

Why Subscribe to

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.