MNI: PBOC Injects Net CNY343 Bln Via OMO Tues; Rates Unchanged

CHINA PBOC INJECTS CNY384 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1057 TUES VS 7.1080

MNI BRIEF: China Must Support Foreign Firms - He Lifeng

MNI BRIEF: China Unified Market Reforms Needed - Premier Li

MNI BRIEF: GBA Cross-Border Wealth Management Connect Updated

Japan Jan CPI +2.0% Y/Y; Energy Price Dip Further

MNI: UK FEB BRC SHOP PRICES +0.4% M/M, +2.5% Y/Y

Shop Price Growth Softest Since March 2022, But Non-Food Component Stalls

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

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

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

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

Strategy Review Confirms Symmetric 2% Inflation Target

ECB

ECB's strategy review results:

  • New strategy adopts symmetric 2% inflation target over medium term
  • Governing Council confirms that HICP remains appropriate price measure and recommends inclusion of owner-occupied housing over time
  • New monetary policy strategy is result of thorough review launched in January 2020
  • Governing Council approves ambitious climate change action plan
From the statement: "When the economy is operating close to the lower bound on nominal interest rates, it requires especially forceful or persistent monetary policy action to avoid negative deviations from the inflation target becoming entrenched. This may also imply a transitory period in which inflation is moderately above target."
All largely inline with expectations, resulting in minimal reaction in either EUR or Bund futures.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeFixed Income NewsBulletMarketsEmerging Markets NewsForeign Exchange News

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.