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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
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Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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Real-time insight of oil & gas markets
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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Free Access###POV: Is the Eonia curve under-pricing......>
EONIA: ###POV: Is the Eonia curve under-pricing the possibility of rates rising
at the ECB? There is still just over 4-weeks to go until the next ECB GC meeting
in Oct and attention is on what type of tapering they will announce.
- Will it be a fixed schedule with a specified end date as favoured by Vitas
Vasiliauskas or a more opened-dated approach dependent on incoming data?
- Market is currently pricing a 69% chance of a 10bp deposit rate hike in Dec
2018 and a full hike is not priced in until March 2019, according to MNI PINCH
calculations.
- However if the ECB decide to opt for a fixed schedule and an end date within
6-months, and the economy continues to show solid growth and unemployment
continues to fall (current data supports this view), then markets could start to
price in earlier rate hikes than currently suggested by markets.
- ECB President Mario Draghi even said last night that they are "more confident"
inflation will get back to target, although stressed a "very substantial degree
of monetary accommodation is still needed". But could that accommodation be
provided by its refinancing operations rather than QE and negative rates?
To read the full story
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Please enter your details below.
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.