MNI BRIEF: NBS Notes Favourable Conditions For China CPI

MNI BRIEF: China's Q4 GDP Grow By 5.4%, Meeting 2024 Target

MNI: PBOC Net Injects CNY100.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1881 Fri; -2.02% Y/Y

CHINA DEC INDUSTRIAL OUTPUT +6.2% Y/Y VS MEDIAN +5.4% Y/Y: NBS

MNI BRIEF: Waller Sees Fed Cuts Sooner Than Markets Expect

**CHINA Q4 2024 REAL GDP +5.4% Y/Y VS MEDIAN +5.0% Y/Y: NBS

EZ/UK Bond Supply Calendar: EFSF Synd "Upcoming", Slov Due Mon

US EIA:NAT GAS STORAGE -258 BCF TO 3,115 BCF JAN 10 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI ECB Preview-December 2024: Back-to-Back Cuts Continue

The ECB will cut policy rates by 25bp, marking the third back-to-back cut and the fourth cut this year.
Central Bank PreviewBundesbankCentral Bank NewsHomepageECB - PreviewCEEMEAEurozoneGermanyCentral Bank ReportsMarketsStory

EXECUTIVE SUMMARY: Back-To-Back Cuts Continue

  • The ECB will cut by 25bp, marking the third back-to-back cut, and the fourth reduction this year.
  • Given that the ECB has previously shown some flexibility in following its self-prescribed data dependent and meeting-by-meeting approach, future meetings carry some degree of uncertainty over policy outcomes. This time around, the prospect of a 50bp cut, although appearing unlikely, cannot be entirely discounted.
  • Although all the pieces of the inflation puzzle are still not in place, back-to-back easing against a backdrop of weak economic activity and headline inflation close to target, suggests that language concerning the ‘restrictive’ policy stance is becoming redundant. Even if it is not removed from the policy statement this time around, it soon will be.

FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK:  ECB Preview December 2024.pdf

131 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.

EXECUTIVE SUMMARY: Back-To-Back Cuts Continue

  • The ECB will cut by 25bp, marking the third back-to-back cut, and the fourth reduction this year.
  • Given that the ECB has previously shown some flexibility in following its self-prescribed data dependent and meeting-by-meeting approach, future meetings carry some degree of uncertainty over policy outcomes. This time around, the prospect of a 50bp cut, although appearing unlikely, cannot be entirely discounted.
  • Although all the pieces of the inflation puzzle are still not in place, back-to-back easing against a backdrop of weak economic activity and headline inflation close to target, suggests that language concerning the ‘restrictive’ policy stance is becoming redundant. Even if it is not removed from the policy statement this time around, it soon will be.

FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK:  ECB Preview December 2024.pdf