MNI BRIEF: ECB Cut On Disinflationary Process Trust-Centeno

CANADA MAY JOBS +26.7K VS FORECAST +20K, PRIOR +90.4K

MNI China Daily Summary: Friday, June 7

MNI BRIEF: Mexico Inflation 4.69% In May, Below Consensus

MNI BRIEF: China May Forex Reserves Rise On Weakened Dollar

MNI BRIEF: China Service Trade Grows Rapidly, Deficit Expands

ITALY APR INDUSTRIAL PRODUCTION -1.0% M/M ; -2.9% WDA Y/Y

Monthly Activity Starts Q2 On A Weak Note; We Caution Over-Interpretation

Core Inflation Firmer Than Expected On Sticky Services And Food Prices

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Minutes: Key comments from Skingsley

RIKSBANK
  • "A useful rule of thumb is to assess appropriate monetary policy based on what inflation is forecast to be 12-24 months from today. CPIF inflation is expected to be on average 1.7 per cent between summer 2022 and summer 2023. Excluding energy prices, the CPIF if expected on average to be 1.6 per cent during the same period. There is thus, in my opinion, good reason to maintain the degree of expansionary monetary policy described in the draft Monetary Policy Report."
  • "Based on a medium-term perspective, inflationary pressures are still too low to justify a change towards less expansionary monetary policy."
  • "Experience from earlier years in the 2010s shows that inflationary pressures in Sweden tend to be on the low side, even in periods when resource utilisation is high."
  • "If monetary policy is to function as a powerful tool that can be used quickly to counteract economic downturns and rising unemployment, inflation needs to be stabilised around the target. Only then can the repo rate be raised again, which creates scope for future monetary policy efforts when justified."
HomepageBulletMarketsFixed 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.