MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1048 Weds; -4.92% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1048 WEDS VS 7.1059

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI China Daily Summary: Tuesday, April 23

MNI: AUSTRALIA MONTHLY MAR CPI 0.4% MM, 3.8% YY

MNI:AUSTRALIA Q1 CPI +0.9% Q/Q

MNI: UK JAN-MAR MEDIAN PAY AWARDS +4.8% :XpertHR/Brightmine

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

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

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

MNI BRIEF: Inflation Outweighs Stability Risk - ECB's Muller

(MNI) LONDON
(MNI) London

The European Central bank opted to hike interest rates by half a point on the basis of recent data showing the European economy is in relatively good shape, and amid strong price pressures despite signs inflation is slowing, Bank of Estonia governor Madis Muller wrote in a blog post Friday (see MNI SOURCES: ECB Clings To 50Bp Hike Plan Amid Market Turmoil).

Headline inflation is expected to reach 5.3% for this year and to 2.9% in 2025, clearly faster than the central banks target of 2%, while core inflation shows no sign of abating. “Also, the realisation of the economic forecast requires higher than current interest rates,” Muller said.

”Risks that may be hidden in the financial sector must also be taken seriously in the euro area,” he said. However, “the biggest risk for the European Central Bank right now is that we do too little to curb the rapid rise in prices.” (see MNI POLICY: ECB Dissenters Looked For Hold, Not Smaller Hike).
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Policy NewsCentral Bank NewsHomepageEuropean Central BankRegionCEEMEAEurozoneBriefStoryRegulation
True
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Policy NewsCentral Bank NewsHomepageEuropean Central BankRegionCEEMEAEurozoneBriefStoryRegulation
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.