MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

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

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

MNI: US NOV IMPORT PRICES +0.1%

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

MNI BRIEF: No Discussion Of Rate Cuts At Meeting-ECB's Lagarde

(MNI) London

The ECB's Governing Council did not discuss interest rate cuts at its December policy meeting, President Christine Lagarde said on Thursday.

"We did not discuss rate cuts at all. There is a whole beach of room between no more hikes and cutting. There is a whole plateau of hold," Lagarde told reporters after the meeting. The ECB still has work to do to contain inflation, she said, but she did not directly address market pricing. (See MNI SOURCES: ECB Needs Sub-3% Core Inflation To Consider Cuts)

Lagarde added that the decision to taper and then end Pandemic Emergency Purchase Programme reinvestments from the middle of 2024 should not be seen as related to the timing of future policy decisions.

"Interest rates remain our primary tool and the unwind of PEPP is just a step to balance sheet normalisation. We want PEPP to operate on the backburner, she said.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
HomepageCentral Bank NewsPolicy NewsEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
HomepageCentral Bank NewsPolicy NewsEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
True

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.