Free Trial

PINCH UPDATE: Although the market is not...>

EUROZONE: PINCH UPDATE: Although the market is not pricing in ECB rate cuts
(partly a function of the deposit rate already being negative), expectations of
policy tightening have been scaled back. From our preferred model-based
estimates, the probability of a 10bps hike to the depo rate by December 2019 has
fallen to 35.7% from 67.0% a month ago. In addition to the weakening global
backdrop, inflation across the eurozone fell in December, further complicating
the ECBs plan to gradually normalise monetary policy.
Please see:

To read the full story



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.