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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.
MNI ECB Preview - May 2023: Stepping Down, But Not Done Yet
MNI ECB Preview - May 2023: Stepping Down, But Not Done Yet
EXECUTIVE SUMMARY:
- The ECB is set to hike its key policy rates by 25bp on May 4, with latest inflation and banking sector data diminishing the case for 50bp.
- Given the uncertain outlook, the ECB is unlikely to provide explicit forward guidance at this juncture, though will likely nod to further tightening being likely in the baseline scenario.
- There is potential for a TLTRO "bridge" operation to be announced Thursday; more surprising - but possible - would be a decision on APP runoff beyond June .
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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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