Free Trial
KRW

USD/KRW Rebounds +1.25% Overnight

AUSTRALIA DATA

Price Developments Point To Higher Inflation Expectations

AUSSIE 3-YEAR TECHS

(Z2) Sell-Rallies Theme Intact

AUSSIE BONDS

Firmer & A Touch Steeper

BONDS

NZGBs Firmer On Offshore Lead

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: ECB On Course, But More Needed - Buba's Nagel

(MNI) LONDON
(MNI) London
True

The European Central Bank is on course to bring inflation back to its 2% medium-term target, Bundesbank boss Joachim Nagel said Monday, but more rate hikes are needed to ensure that longer-term inflation expectation don’t become de-anchored, further entrenching current high inflation.

Nagel, largely repeating comments he has made in recent weeks the Eurosystem was on course towards 2 percent inflation. "I will use all my strength and the competence of the Bundesbank to stay on course until we reach our goal,” he added, although he noted that further 'decisive action' is required, meaning further rate hikes ahead.

Keep reading...Show less
196 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The European Central Bank is on course to bring inflation back to its 2% medium-term target, Bundesbank boss Joachim Nagel said Monday, but more rate hikes are needed to ensure that longer-term inflation expectation don’t become de-anchored, further entrenching current high inflation.

Nagel, largely repeating comments he has made in recent weeks the Eurosystem was on course towards 2 percent inflation. "I will use all my strength and the competence of the Bundesbank to stay on course until we reach our goal,” he added, although he noted that further 'decisive action' is required, meaning further rate hikes ahead.

Keep reading...Show less