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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.
ECB
ECB speak in the week to 26 Aug 2024:
- Chief Economist Lane sees monetary stance needing to remain in restrictive territory for as long as needed for "sustainable" return to inflation target.
- Lane wary of "chronically" below-target inflation from rates too high for too long but also see a lot of momentum in Europe.
- A typically hawkish Holzmann doesn't see a September cut as a foregone conclusion although some of his colleagues do.
- Rehn and Centeno are two of those clearly calling for a September cut but with Centeno seeing October as a "funny" meeting.
- Sources: Worry is October and not September, with risk of a September cut stoking expectations too much (Reuters). Hard discussions on r-star to start at the end of this year as a way to lay the ground for 2025 (MNI).
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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