CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

MNI: US MAY PERSONAL INCOME +0.5%; NOM PCE +0.2%

MNI: CANADA APR GROSS DOMESTIC PRODUCT +0.3% MOM

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

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

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

MNI BRIEF: Rate Path Adjustment On Disinflation Outlook-Villeroy

(MNI) Brussels

Bank of France head speaks after ECB cut rates for first time since 2019.

Policy NewsHomepageCentral Bank NewsEuropean Central BankCEEMEAEurozoneFranceBriefStoryRegionEuropean Central Bank (ECB) Market News
True

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)

Keep reading...Show less
153 words

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.

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)

Keep reading...Show less