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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.
STIR
ECB peak rate pricing ticked higher Wednesday to close at the 4% mark for the first time since mid-July, ahead of Thursday's rate decision which remains a close call. BoE peak pricing hit a fresh 3-month low meanwhile after softer-than-expected UK GDP data.
- ECB terminal depo Rate pricing +0.2bp to 4.00% (25bp of further hikes left in the cycle in Dec 2023). A roughly 2-in-3 chance of a 25bp hike is priced in for Thursday's decision, having risen to nearly 3-in-4 in early trade in the wake of a Reuters sources piece late Wednesday pointing to upped inflation forecasts in the Eurosystem staff projections.
- BoE terminal Bank Rate pricing -2.1bp to 5.61% (36bp of further hikes left in the cycle to Feb 2024): There's just 72% priced of a 25bp hike at next week's MPC, down another 4pp today.
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.
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