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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.
ECB
- "These relative price shocks reflect the scale and breadth of the energy shock and the pandemic- and war-related shocks. Under such circumstances, standard measures of contemporaneous underlying inflation may not accurately signal the persistent component of inflation, while forward-looking wage growth trackers may play a useful supplementary role in identifying the medium-term inflation dynamics."
- "Long-term inflation expectations currently appear well anchored at the two per cent target, but a prolonged phase of above-target inflation poses a de-anchoring risk that is addressed by raising interest rates to the levels required to make sure that inflation returns to target in a timely manner."
- The Lane blog post is a mammoth piece. At first glance there's not a huge amount that is market moving but it's going to be worth a proper read with a cup of coffee over the weekend.
- The one chart I haven't seen elsewhere is below, an experimental forward-looking tracker of negotiated wage growth:
- The full blog post is available here.
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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