FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

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 T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

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 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

Lagarde: Consensus = Premature To Discuss Rate Cuts

ECB
Q: On interest rates - you said last week rates would likely be cut in the summer. Did you discuss the timing of a cut, if you didn't would you stand by remarks and therefore say March and April are off the table.
  • A: The consensus was that it was premature to discuss rate cuts. Stand by my comments - wouldn't exactly characterise as was paraphrased. Very much consensus around table was that we must continue to be data dependent rather than date dependent.

Q: Given tensions in shipping, have you become more concerned and how would you react if inflation picks up due to higher shipping costs or supply chain disruptions?

  • A: Would be wary of comparing supply bottlenecks to disruption during Covid. There is more shipping capacity than 2020/21 but costs/fees are increasing. Most observers say it is having a moderate impact. Shipping is around 1.5% of total costs. If there was escalation, would need to see the impact it had on shipping or indeed the impact of energy / fuel costs.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.