BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

CHINA PBOC CONDUCTS CNY270 BILLION VIA 7-DAY REVERSE REPOS WED

MNI: US JUN INDUSTRIAL PROD +0.6%; CAP UTIL 78.8%

Foreigners Buy CAD20.9B of Canada Securities In May Led By Debt

MNI: US JUN HOUSING STARTS 1.353M; PERMITS 1.446M

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

Overall in line with expectations

RIKSBANK
  • The repo rate forecast is at zero throughout the forecast horizon.
  • The CPIF forecast ticks above 2.00% for the first time, but only in June 2024 (the last month of projections). It now takes until May 2024 to get to 2.00% (previously it was reached in March 2024 at the end of the previous forecast horizon).
  • Nevertheless, CPIF moving even marginally above target is the first real sign of optimism and a return to normality. This is the first step to having a tick up in the repo rate forecast at the end of the forecast horizon.
  • QE for Q3 set at SEK75bln (the expectations we had seen had generally been between SEK72-80bln so this is in the middle of the range).
  • Language is still cautious even though the Riksbank point to some optimism. They make it clear easy monetary policy is needed for a sustained period of time still.
BulletMarketsFixed Income BulletsForeign 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.