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Policy
Policy
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: PBOC Sets Yuan Parity Higher At 7.1942 Fri; -1.48% Y/Y
MNI BRIEF: Japan Oct Core CPI Rises 2.3%, Services Rise
MNI BRIEF: Two-Way Inflation Risk, Growth To Downside- Lagarde
Upside inflation risks persist from geopolitical factors including Middle-East tensions but there are also downside risks should monetary policy dampen activity more than anticipated, ECB President Christine Lagarde said Thursday, adding that risks to growth tilt to the downside.
Growth could be stronger than expected if inflation falls faster than forecast, Lagarde added. (See MNI INTERVIEW: ECB Inflation Sceptics Hold Upper Hand-Scicluna)
Thursday's ECB statement again noted that while "most measures of underlying inflation have eased further, domestic price pressures remain high", in part due to wages growth. Financing conditions are restrictive and "past interest rate increases continue to weigh on demand, which is helping push down inflation.”
Eurosystem projections showed inflation at 2.3% in 2024, 2.0% in 2025 and 1.9% in 2026. Growth is seen at 0.6% this year, before accelerating to 1.5% and 1.6% in 2025 and 2026. Rate decisions will remain data dependent and keep policy appropriately restrictive, Lagarde added.
To read the full story
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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.