TEST, PLEASE IGNORE

MNI BRIEF: Sharp Cut To German Growth Outlook - Joint Forecast

BOE FPC SEES OVERALL RISK ENVIRONMENT 'CHALLENGING'

MNI BRIEF: President Xi Meets With U.S. Business Leaders

MNI DATA TABLE: MNI China Interbank Liquidity Index (Mar) - 3

MNI BRIEF: Improve Asian Financial Safety Net - PBOC Governor

US Treasury Auction Calendar

Riksbank Data Watch

US EIA: CRUDE OIL STOCKS EX SPR +3.16M TO 448.2M MAR 22 WK

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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

MNI BRIEF: EZ Seeing “Big Reversion” Of Price Shocks -Centeno

(MNI) LONDON
(MNI) Rome

The Eurozone is seeing “a big reversion” of the exogenous shocks that triggered the inflationary surge in the region, Bank of Portugal governor Mario Centeno said Thursday, citing the fall in gas prices, consumption and industrial goods.

“TTF gas prices are down 68.5% year on year today and are below the maximum level in both 2018 and 2019,” said Centeno noting that the same thing was happening with consumption and industrial goods with a decrease of 25% year on year.

“We need to see this in our CPIs. We need markets to work,”, he said adding that if that is not reflected policymakers will face more difficult choices. Despite that, Centeno said that the euro area will see “more tightening for some time” and that interest rates won’t come down as soon as many would like.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Central Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Central Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
True

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.