MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

US MBA: REFIS -2% SA; PURCH INDEX +1% SA THRU JULY 5 WK

Indeed Wages Tick Higher, But Future Revisions Are Likely

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

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

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

Lagarde: Inflation To Rise In Medium Term As Pandemic Impact Fades

ECB

Having read out the monetary policy statement, Lagarde continues the press conference with economic analysis comments.

  • Lagarde: Incoming data suggest economic activity may have contracted again in the first quarter. But it points to a resumption of growth in the second quarter.
  • Surveys indicate that the manufacturing sector continues to recover. The services sector continues to be constrained by mobility restrictions. But there are signs of this bottoming. Consumers remain cautious.
  • Over the medium-term, the recovery of the euro area economy will be driven by domestic and global demand, supported by favourable financing conditions and fiscal stimulus. While the near term risks are to the downside, medium term risks remain more balanced.
  • Idiosyncratic factors underlying the recent rise in inflation will fade out next year.
  • Once the impact of the pandemic fades, the unwinding of slack supported by monetary and fiscal policies will support a rise in inflation over the medium term.
BulletMarketsFixed 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.