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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessHeadline CPI Beats Expectations, Rises to 3.97% Y/y
- Adding to the more hawkish stance of the central bank at last week's meeting, CPI data for July surprised to the upside. The monthly reading printed 0.32% vs 0.12 estimate with the annual headline print reaching 3.97% vs. a 3.76% estimate and a prior reading of 3.63%. Additionally, the core reading rose to 2.86% y/y.
- Key statement from BanRep Governor Villar to lawmakers yesterday:
- "Although we have prospects of maintaining very expansionary monetary policy in the future, this monetary policy in its magnitude cannot be as expansionary as it has been and we have to start thinking soon about gradual upward adjustments in the interest rate".
To read the full story
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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.