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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessWhat to watch
- Core fixed income markets remain under pressure in early European trading after Powell's comments at the FOMC press conference last night as he stated that the Fed still had "a way to go" on rate hikes (despite a more dovish than expected initial statement). This has pushed up expectations for the Fed's terminal rate with markets pricing in around 126bp for May 2023, up from around 122bp ahead of the decision.
- Focus will now turn to the Bank of England's policy decision and the release of the Monetary Policy Report. Markets are pricing in around 71bp for today's decision with MNI and 20/22 of the analyst previews that we have read also looking for a 75bp hike. We note that there are risks of a smaller 50bp hike but think that the MPC will not want to rock the boat too much in financial markets as UK assets continue to recover after the previous government temporarily lost its fiscal credibility. The policy decision, MPR and Minutes will all be released at 12:00GMT / 13:00CET with a press conference beginning 30 minutes later. For the full MNI BOE preview click here.
- Elsewhere today we will hear from a number of ECB policymakers as well as receive US trade, weekly claims, factory orders and ISM services data.
To read the full story
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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.