MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Lane Says Rate Adjustment Increments Outside of 25bps are Possible

ECB
  • Size and frequency of interest rate moves depends on what inflation scenario you're in. Raises topic of why 25bps is global standard of interest rate moves, but other increments are possible.
  • Refuses to engage with hypothetical scenario of ECB announcing end of APP as well as hinting of future rate rises.
  • On exchange rates: says in the full macro assessment, the FX rate matters through all sorts of channels. The value of multi-national earnings, their competitiveness will depend on FX rates. This goes beyond import/export prices, has impact on big macro factors. In turn this impacts the inflation dynamic. FX is a pretty broad issue.
  • We had EUR appreciation in the first year of pandemic, big chunk of that has rolled back. So pre-pandemic vs. now - not a huge movement. The rollback takes away a large disinflationary force.
  • On bond yield spreads: everything is taken in context of macro assessment. As such, there is no unique number for where interest rates should be.
EM BulletHomepagemarkets-real-timeFixed Income BulletsBulletMarketsEmerging Market NewsForeign Exchange BulletsEuropean Central Bank (ECB) Market News
EM BulletHomepagemarkets-real-timeFixed Income BulletsBulletMarketsEmerging 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.