BOC REITERATES SEES FURTHER CUTS IF ECONOMY GOES AS EXPECTED

NAGEL SEES ECB TAKING MEETING-BY-MEETING APPROACH ON RATES

MNI: BOC Says Policy No Longer Needs To Be As Restrictive

MNI China Daily Summary: Wednesday, June 12

MNI BRIEF: Beijing Willing To Safeguard Chinese Firms - MOFCOM

MNI BRIEF: China May CPI Flat At 0.3% Y/Y

Local Investors Dump Offshore Bonds, Foreign Inflows Into Local Equities Halted

MNI: US MAY TREASURY BUDGET -347.1B

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.86B BSL

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Vlieghe speech: No adjustment to policy needed before his term ends in Aug (1/2)

BOE
  • The overarching theme is that downside risks outweigh positive risks, but Vlieghe thinks that no adjustment to policy will be needed before his term ends on 31 August (note that as this is his second term and he is an external member, his term cannot be extended).
  • "If the economy evolves broadly in line with our February central projection, then in my view it is likely that no further monetary stimulus is required. The current stance remains appropriate, and we will just complete the already announced QE programme....my preferred path for policy would be to keep the current monetary stimulus in place until well into 2023 or 2024, long enough to judge whether economic slack has indeed been eliminated fully, and inflation has returned to target sustainably, rather than being pushed up by temporary factors"
BulletMarketsFixed Income BulletsForeign Exchange Bullets

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.