Free Trial
BONDS

NZGBS: Post-RBA Pressure

CNH

USD/CNH Eyeing Break Back Below 6.7800

AUD

A$ Rallies On More Hawkish RBA Outlook

USDCAD TECHS

Bounce Considered Corrective

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: No Time To Pause ECB Rate Hikes - Isabel Schnabel

(MNI) LONDON

Eurozone wage growth has picked up significantly, the ECB's Schnabel says, dismissing any suggestion of a pause in hikes.

The persistence of high inflation mean the European Central Bank cannot curtail its current hiking cycle in anticipation of a recession which is in itself unlikely to return price pressures to target, Executive Board member Isabel Schabel said Thursday.

“There is no time for monetary policy to pause,” Schnabel told an audience in Slovenia, adding that monetary policy will probably need to become restrictive in order for inflation to ease back to 2% over the medium term.

Keep reading...Show less
161 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.

The persistence of high inflation mean the European Central Bank cannot curtail its current hiking cycle in anticipation of a recession which is in itself unlikely to return price pressures to target, Executive Board member Isabel Schabel said Thursday.

“There is no time for monetary policy to pause,” Schnabel told an audience in Slovenia, adding that monetary policy will probably need to become restrictive in order for inflation to ease back to 2% over the medium term.

Keep reading...Show less