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.
There is no respite for European Central Bank policymakers in the September inflation data, with the headline number coming in at 10%, above expectations and a number that is likely to spook even the most dovish of Governing Council members. Headline inflation was up a preliminary 1.2% month-on-month, rising 10% year-on-year. Core inflation was also higher, rising 1.0% m/m and 4.8% y/t, Eurostat said Friday.
The ECB will be closely watching the data, with only the final September print expected now before the October 27 policy meeting. Many governing council members are now shifting towards a view that a more restrictive rate setting will be needed in coming months (MNI SOURCES: More ECB Policymakers See Restrictive Rates).
Financial markets are current pricing ECB's deposit rate to hit near 2% by the end of 2022, rising to close to 3% by late summer 2023.
Source: MNI / Bloomberg / EUROSTAT
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.