FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

ECB: Few Surprises In de Guindos Speech On Expectations Surveys

ECB
BundesbankCentral Bank NewsFixed Income BulletsCEEMEAEurozoneGermanyBulletGlobalEuropean Central BankForeign Exchange BulletsRegionMarkets

Not too many surprises to note in de Guindos’ opening remarks on a first glance, though the following excerpts are somewhat interesting (particularly in the context of the market reaction to last week’s flash PMIs):

  • “Survey data can be volatile and there is evidence of overreaction in both household and firm surveys of expectations”.
  • “For this reason, surveys may provide a noisy signal for policymaking in practice, which complicates how these data should feed into the policy reaction function”.
  • Link here. The subject of the conference is "Expectations surveys, central banks and the economy".
91 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.

Not too many surprises to note in de Guindos’ opening remarks on a first glance, though the following excerpts are somewhat interesting (particularly in the context of the market reaction to last week’s flash PMIs):

  • “Survey data can be volatile and there is evidence of overreaction in both household and firm surveys of expectations”.
  • “For this reason, surveys may provide a noisy signal for policymaking in practice, which complicates how these data should feed into the policy reaction function”.
  • Link here. The subject of the conference is "Expectations surveys, central banks and the economy".