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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Credit
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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 AccessLagarde: Data Dependence Applies To Both Restrictiveness Level And Time
Q: What do you say to people who might accuse you of making a likely recession worse? Is the expectation that NCBs and the ECB are likely to make sizeable losses in the coming years having any impact on your discussions and decisions?
- A: The answer to the second question is ‘no’.
- A: The objective we have is price stability, it is not to make profit. The fight that we are leading against inflation is making progress. Is it satisfactory? No. Inflation is still projected to remain too high and for too long.
Q (From MNI's Santi Pinol): Is there any contradiction in data dependency and higher-for-longer? Are you prepared to cut rates if growth slows further?
- A: The data dependency applies to both the sufficiently restrictive level, as well as the length of time that it has to stay at the level.
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.