FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Nagel - ECB Could Cut Before The Summer Break

ECB

Headlines from the Bundesbank head Nagel crossed earlier. They appear in line with rhetoric from yesterday's ECB policy meeting.

  • Nagel stated an ECB cut could happen before the summer break for the central bank, but a June cut will be data dependent. Note the central bank meets on June 6 and then July 18, before not meeting again until Sep 12. These come after the April meeting.
  • Other comments noted by Nagel: "Last mile of monetary policy regularly is difficult, you have to stay calm, can’t become euphoric too early claiming you’ve overcome inflation.”
  • "German economy growth is much too slow, but he expects momentum to return “if we do our homework” (per BBG)
  • See more from our ECB Watch here. Lagarde seemed to point to June as possible timing for a first cut, saying that the ECB “will have a lot more data” on wages agreement than in the April meeting.
Credit BulletsEM BulletFixed Income BulletsHomepageCreditEuropean Central Bank (ECB) Market NewsBulletMarketsEmerging Market NewsForeign Exchange Bullets
Credit BulletsEM BulletFixed Income BulletsHomepageCreditEuropean Central Bank (ECB) Market NewsBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.