MNI China Daily Summary: Wednesday, November 20

MNI BRIEF: Chinese Aluminium Exporters To Renegotiate Prices

MNI BRIEF: BOJ October Real Export Index Falls 4.9% M/M

MNI: PBOC Net Injects CNY69.1 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1935 Weds; +0.09% Y/Y

CHINA PBOC CONDUCTS CNY302.1 BLN VIA 7-DAY REVERSE REPOS WEDS

MNI: US MBA: MARKET COMPOSITE +1.7% SA THRU NOV 15 WK

MNI: EUROZONE SEP CONSTRUCTION OUTPUT -0.1% M/M, -1.6% Y/Y

MNI: GERMANY OCT PRODUCER PRICES -1.1% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

MNI BRIEF: Inflation Not Yet Sure To Hit Target On Time- Nagel

The return of inflation to the European Central Bank's 2% target is not a “foregone conclusion,” Bundesbank president Joachim Nagel said in a speech on Monday, with service prices and wages two possible sources of continued price pressure.

While inflation should continued to trend gradually downwards, reaching 2% towards the end of 2025, Nagel noted that May’s service prices rose by 4.1% year-on-year.

“This reflects the above-average wage increases in particular. From the trade unions' point of view, these should partly compensate for the loss of real wages over the past three years," he said, "I don't see us on a mountain top from which things will inevitably go down. Rather, I see us on a ridge where we still have to find the right point for the further descent,” he said. (See MNI SOURCES: September Rate Cut In Sight For ECB)

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
BundesbankPolicy NewsHomepageBellCentral Bank NewsEuropean Central BankBundesbank Market NewsCEEMEAEurozoneGermanyEuropean Central Bank (ECB) Market NewsBriefStoryRegion
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
BundesbankPolicy NewsHomepageBellCentral Bank NewsEuropean Central BankBundesbank Market NewsCEEMEAEurozoneGermanyEuropean Central Bank (ECB) Market NewsBriefStoryRegion

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.