Free Trial
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.
CEE
- Economic data showed earlier that inflation in Romania accelerated to 13.8% in April (vs. 11.1% expected), its highest level since January 2004, up from 10.2% the previous month.
- We have seen that inflation has continued to surprise 'positively' in recent months in the CEE region, therefore participants have been revising their terminal rates higher as they remain confident that central banks will have to continue to fight against inflation, sometimes referred as the 'public enemy'.
- Yesterday, we saw that Romania central bank (RCB) accelerated the pace of its tightening cycle and hiked its policy rate by 75bps to 3.75% at today's meeting (vs. 50bps exp.).
- It is the sixth time that RCB is hiking rates, its policy rate is now up 250bps since its low reached in 2021.
Source: Bloomberg/MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok