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Why MNI
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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.
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Free AccessMNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday
MNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
Q on reaction function
- Bailey asked on reaction function. Watching the evolution or comparing to their forecast?
- He says both. We have to look at the news and compare to where we thought things were going. June data shows one thing correct itself - actual headline inflation as that's in line with the May forecast. And one thing not correct itself - pay and the labour market (and some of that in services prices). Some of that turn around is why today there wasn't the case (for Bailey personally) for 50bp.
- Ramsden says MPC's reaction function still depends on services inflation, labour market prices, private sector regular wages. And there was more confidence about that.
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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.