Free Trial
EQUITY TECHS

E-MINI S&P (U2): This Week’s Retracement Extends

USDCAD TECHS

Doji Candle Pattern Highlights Bullish Reversal

EUROZONE ISSUANCE

EGB Supply For W/C June 27, 2022

AUDUSD TECHS

Approaching Support

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

MNI BRIEF: END APP In Early Q3, But Hike With Caution - ECB VP

(MNI) London
(MNI) London
True

Net bond buys under the ECB’s asset purchase programme should end early in the third quarter, with a first interest rate hike “some time after that”, vice president Luis de Guindos said in a speech Thursday, as he warned that monetary policy normalisation needs to proceed gradually and cautiously in order for policymakers to observe the impact of shifts in financing conditions and the erosion of purchasing on activity and inflation dynamics.

“Despite the current uncertainty, financial markets have, so far, remained relatively calm,” he said. “If stress conditions arise, we will deploy flexibility to ensure that monetary policy is transmitted smoothly across the euro area, as we did to good effect during the height of the pandemic.” (see MNI SOURCES 2: ECB Mulls Crisis Tool As Officials Debate Spread).

129 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Net bond buys under the ECB’s asset purchase programme should end early in the third quarter, with a first interest rate hike “some time after that”, vice president Luis de Guindos said in a speech Thursday, as he warned that monetary policy normalisation needs to proceed gradually and cautiously in order for policymakers to observe the impact of shifts in financing conditions and the erosion of purchasing on activity and inflation dynamics.

“Despite the current uncertainty, financial markets have, so far, remained relatively calm,” he said. “If stress conditions arise, we will deploy flexibility to ensure that monetary policy is transmitted smoothly across the euro area, as we did to good effect during the height of the pandemic.” (see MNI SOURCES 2: ECB Mulls Crisis Tool As Officials Debate Spread).