MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: PBOC Injects Net CNY2 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0967 FRI VS 7.0968

MNI China Press Digest April 12: CPI, Upgrades, Hainan

MNI BRIEF: BOK Holds Policy Rate At 3.50% - Press

CHINA MAR EXPORTS -7.5% Y/Y VS MEDIAN -1.8% Y/Y: CUSTOMS

MNI: CHINA MAR EXPORTS -3.8% Y/Y IN YUAN TERM: CUSTOMS

MNI: SPAIN MAR HICP +1.4% M/M, +3.3% Y/Y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Demand Key To Size Of ECB Balance Sheet - Schnabel

(MNI) LONDON

The extent to which the ECB can shrink its balance sheet will depend mainly on market demand, Executive Board member Isabel Schnabel said in a speech Thursday, with the prospect of reduced central bank bond holdings likely to have led to portfolio balancing even before run-off began this month.

“Over time, balance sheet run-off will reduce our market footprint, improve market liquidity and lower the Eurosystem’s exposure to credit and duration risk, recovering valuable policy space,” she said. (see MNI INTERVIEW: ECB Could End APP Reinvestments in Q3 - Kazaks).

“By how much we will ultimately reduce our bond holdings will mainly depend on the demand for central bank reserves, stemming both from autonomous factors and from the banking sector, as well as the operational framework that we intend to implement in the medium run,” Schnabel added.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
CEEMEAPolicy NewsCentral Bank NewsStoryExclusiveEurozoneEuropean Central Bank (ECB) Market NewsEuropean Central BankRegion
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
CEEMEAPolicy NewsCentral Bank NewsStoryExclusiveEurozoneEuropean Central Bank (ECB) Market NewsEuropean Central BankRegion

To read the full story

Close

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.