-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessLagarde: All GC Members Rallied To 50bp Hike Consensus
The question and answer portion of the press conference begins - Q: What does the frontloading of rates mean for September? Is the TPI big enough and bold enough to contain rising Italian yields?
- A: GC members made two important decisions. The first was on rates and the second was on approving unanimously the TPI. We debated the pros and cons of sticking to the signalled 25bp hike in July, which entailed forward guidance for September – the two were clearly a package.
- On balance we decided it was appropriate to take a larger step to exiting negative rates. We did that on the basis of several indicators/elements which constitute a change from the June meeting. The realisation of the upside risks to inflation, plus flexible reinvestment under PEPP and unanimous support for the TPI led us to decide on a larger hike. All members rallied to the consensus of a 50bp move.
- The TPI will help us deliver on our mandate of price stability. All members of the euro area can be eligible (details released later). The GC in its discretionary/assessment will determine on the basis of indicators that signal unwarranted/disorderly dynamics whether it will activate the TPI.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.