© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CANADIAN MAY JOBS -17.3K VS FORECAST +25K, PRIOR +41.4K

MNI: Canada Has First Job Decline in Nine Months, Wages Top 5%

MNI China Daily Summary: Friday, June 9

EZ/UK Bond Supply Calendar: EU & UK to issue Monday

MNI: CANADA Q1 INDUSTRIAL CAPACITY UTILIZATION RATE 81.9%

EZ/UK T-Bill Calendar: Germany & France to issue Monday

MNI: Quarter Of Emerging Economies Cut Off From Bond Market

MNI: Trade Growth Sustained Through U.S.-China Fight, IMF Says

MNI BRIEF: Trudeau Blames NIMBYs For National Housing Squeeze

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

MNI BRIEF: ECB Hikes 'Disastrous' For Italy, Europe - Salvini

(MNI) ROME

ECB rate hikes risk slowdown in consumer demand for bank loans, Italy deputy PM says.

Policy NewsCentral Bank NewsHomepageEuropean Central BankEuropeEurozoneItalyBriefStoryRegionEuropean Central Bank (ECB) Market News
True

The European Central Bank's decision to raise interest rates 50 basis points Thursday added to the current hiking cycle is “disastrous for Italy and Europe,” Italian deputy prime minister and Transport minister Matteo Salvini said in a radio interview on Friday.

Appearing to pin the blame for the hikes on ECB President Christine Lagarde, the League’s leader and one the senior figures in Rome's executive warned that if the hikes continue, families and business could soon stop seeking loan finance. “That’s not Salvini who says this, its the facts,” he said when questioned.

Keep reading...Show less
147 words

To read the full story

Why Subscribe to

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.

The European Central Bank's decision to raise interest rates 50 basis points Thursday added to the current hiking cycle is “disastrous for Italy and Europe,” Italian deputy prime minister and Transport minister Matteo Salvini said in a radio interview on Friday.

Appearing to pin the blame for the hikes on ECB President Christine Lagarde, the League’s leader and one the senior figures in Rome's executive warned that if the hikes continue, families and business could soon stop seeking loan finance. “That’s not Salvini who says this, its the facts,” he said when questioned.

Keep reading...Show less