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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.
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Free AccessMNI BRIEF: Rate Path Adjustment On Disinflation Outlook-Villeroy
The ECB will adjust the precise path of its future rate cuts as the outlook for disinflation is confirmed, Bank of France Governor Francois Villeroy said in a statement Friday, as he noted that the current level of rates was "still significantly above the neutral level" after Thursday's reduction and would continue to bring down inflation.
The cut Thursday, when the ECB reduced the deposit rate to 3.75%, demonstrated the ECB's confidence in the ongoing "soft landing" in the euro zone economy and while there would be monthly fluctuations through to the end of this year these would be "largely due to energy-related base effects". (see MNI SOURCES: September Rate Cut In Sight For ECB)
Commenting on the latest pay data from Eurostat, Villeroy said that, while "compensation per employee is still rising steadily", "unit labour costs are continuing to decelerate and profit margins are contracting."
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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.