MNI BRIEF: Panetta Says ECB On Course For Inflation Target

MNI BRIEF: China Yuan Supported By Exports, Short Swing Sees

MNI BRIEF: RRR Trim A Better Option Than Rate Cut Now: BOC

MNI China Daily Summary: Wednesday, June 26

MNI DATA TABLE: MNI China Interbank Liquidity Index (Jun) - 1

MNI CHINA LIQUIDITY INDEX: CONDITIONS TIGHTEN IN JUNE

US EIA: CRUDE OIL STOCKS EX SPR +3.59M TO 460.7M JUN 21 WK

MNI: US MAY NEW HOME SALES -11.3% TO 0.619M SAAR

EZ/UK Bond Supply Calendar: 5/10-year BTPs / CCTeu Due Thursday​

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: Policy Set In Response To Eurozone-Wide Inflation

ECB

Q: Inflation rates have fallen way below 2% in some countries, while others have not. How big a burden is that on GC on the timing on rate cuts?

  • A: Inherent in the euro are that there is heterogeneity and divergences. Can assure that all Governors have in mind both their country but also the whole euro area and set policy in response to the whole euro area.

Q: On spreads - Lagarde says "not commenting on spreads".

Q: Asked for update on operational framework review.

  • A: Narrowing down to optimal where there are different options. Will most likely done by end of Spring - her guesstimate.
  • Will it matter for the short-term? Not really because the balance sheet is so large.
Fixed Income BulletsHomepageBulletMarketsEmerging Market NewsForeign 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.