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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
The ECB hawks sound triumphant this morning - with Rehn saying 50bp hikes likely In Feb and Mar, and he's "not convinced" markets are correctly pricing the terminal rate, echoes Lagarde's comments yesterday.
- It's not clear whether he's seen the latest pricing, which implies another 140bp in hikes from here to next September implying 3.40% terminal depo rates (and rising, as Rehn is speaking), as opposed to around 100bp pre-ECB meeting yesterday. But would guess he'd be happy with even more.
- Cumulative pricing through the next 2 meetings is a little under 100bp.
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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