MNI BRIEF: Fed's Goolsbee Taking Job Gains With Grain Of Salt

BRIEF: EU Says Engaging With China Over EV Trade Dispute

MNI BRIEF: Draghi Calls For Tariffs, Subsidies Against China

MNI BRIEF: China May M2 Slows To Record Low Again

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

US Treasury Auction Calendar

MNI: BAKER HUGHES US RIG COUNT 590; OIL RIGS 488; GAS RIGS 98

EZ/UK Bond Supply Calendar: Slovakia, Belgium, BoE APF Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Lagarde: General Consensus On The Orientation On Our Strategy

ECB
  • Q: Did the GC discuss a smaller or larger rate hike, or faster or slower QT pace? What do you need to see before pausing hikes?
  • A: Very pleased to tell you there was general consensus on the general economic situation and the general orientation on our strategy. Not everybody agreed on the actual tactics. There was a very broad majority supporting the view we should show perseverance, at a steady pace, stay the course. You will be doing your digging, I can assure you that in terms of strategy/direction/orientation, there was total agreement. Some might have wanted to do a bit more, or a bit less, but eventually we coalesced.
  • [Lagarde repeats guidance from the statement, highlights "KEEPING rates at restrictive levels".] We will sustain the course, not enough to hit and withdraw.
EM BulletFixed Income BulletsHomepageBulletMarketsEmerging Market NewsForeign Exchange BulletsEuropean Central Bank (ECB) Market News

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.