TEST FROM BANK OF CANADA, PLEASE IGNORE

MNI BRIEF: US Existing Home Sales Fall 5.4% To 3.89M In June

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI China Daily Summary: Tuesday, July 23

MNI: PBOC Net Drains CNY408.7 Bln Via OMO Tues

MNI: PBOC Sets Yuan Parity Lower At 7.1334 Tues; -1.30% Y/Y

MNI: UK APR-JUN MEDIAN PAY AWARDS +4.9% :Brightmine

US Treasury Auction Calendar

BoC Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Panetta – Fed Pivot Likely Reinforces Case For (Small) Rate Cuts

ECB
Homepagemarkets-real-timeCreditEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • ECB’s Panetta sets the stall out for a path with small rate cuts in a speech. He noted the possibility of a June rate cut last week but these are the first more in-depth comments in almost a month.

Bloomberg headlines of note:

  • FED PIVOTS LIKELY REINFORCE CASE FOR RATE CUTS
  • SMALL ECB RATE CUTS COULD COUNTER WEAK DEMAND
  • SMALL CUTS COULD BE PAUSED AT NO COST IF SHOCKS EMERGE
  • TIMELY ACTION ALLOWS SMALL, PROGRESSIVE ECB RATE CUTS
  • ECB-FED DECOUPLING CURRENTLY NOT PARTICULARLY CRITICAL
  • RATE CUTS NEEDED TO AVOID ULTRA-LOW RATES LATER
87 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.
  • ECB’s Panetta sets the stall out for a path with small rate cuts in a speech. He noted the possibility of a June rate cut last week but these are the first more in-depth comments in almost a month.

Bloomberg headlines of note:

  • FED PIVOTS LIKELY REINFORCE CASE FOR RATE CUTS
  • SMALL ECB RATE CUTS COULD COUNTER WEAK DEMAND
  • SMALL CUTS COULD BE PAUSED AT NO COST IF SHOCKS EMERGE
  • TIMELY ACTION ALLOWS SMALL, PROGRESSIVE ECB RATE CUTS
  • ECB-FED DECOUPLING CURRENTLY NOT PARTICULARLY CRITICAL
  • RATE CUTS NEEDED TO AVOID ULTRA-LOW RATES LATER