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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.
GLOBAL
- Major central banks must hold restrictive interest rates with little progress reducing core inflation seen this year, the IMF said Tuesday.
- Core prices will rise 5.1% across advanced economies in 2023, matching last year's gain, according to the Fund’s updated WEO. The report boosted the core inflation forecast 0.3pp for this year and 0.4pp to 3.1% next year vs projections made in April.
- "It is critical to avoid easing rates prematurely, that is, until underlying inflation shows clear and sustained signs of cooling," IMF research director Pierre-Olivier Gourinchas wrote in a blog post.
- Downside growth risks remain prominent amid the Ukraine invasion but the report's tone was less downbeat following the U.S. debt ceiling agreement and the WHO saying the major Covid emergency has wound down. The Fund boosted the 2023 world growth forecast 0.2pp to 3%, with the US at 1.8% (+0.2pp), China 5.2% (unch), Euro Area 0.9% (+0.1pp) and UK 0.4% (+0.7pp).
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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