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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.
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Free AccessMNI US MARKETS ANALYSIS - EUR Vols Surge Ahead of US CPI
MNI China Daily Summary: Wednesday, December 11
RBI: The Status Quo Remains: Next Week’s CPI Key
- Yesterday the Reserve Bank of India announced their decision, keeping rates on hold for the ninth consecutive meeting.
- The RBI committee voted four to two in favour, with two members voting for a cut for the second consecutive meeting.
- Market survey consensus was for no change citing (among other things) capacity to wait ahead of the Federal Reserve and strong headline GDP numbers.
- RBI Governor Das indicated that ‘India is now significantly more resilient compared to earlier periods, but that it was crucial to wait for more data before drawing conclusions on the next step for monetary policy.’ Governor Das clearly stated, “the RBI will act as per incoming domestic, international data.”
- Next week’s release of India’s CPI may provide an insight as to the next steps for the RBI.
- Having risen in June, consensus surveys now are for a decline in the CPI in July.
- A decline may provide the RBI with room for monetary policy changes post the September announcement by the Federal Reserve.
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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.