Les Commons

Kent

Editor, MNI London at Market News International

Editor, MNI London - Views and opinions my own. Economic data junkie.... Want to be at Canterbury watching Kent!

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MNI: RIKSBANK LEAVES KEY POLICY RATE UNCHANGED AT...- 05-08-2025

1 month ago | mnimarkets.com | Les Commons

You are missing out on very valuable content.
MNI BRIEF: ECB Cuts Rates, Drops Restrictive Poli...- 04-17-2025

1 month ago | mnimarkets.com | Les Commons

You are missing out on very valuable content. The ECB cut its three key interest rates by 25 basis points on Thursday, bringing the benchmark Deposit Facility rate down to 2.25%. The main refinancing operations and the marginal lending facility will be decreased to 2.40% and 2.65% respectively. ...
MNI: GERMANY MAR UE RATE (SA) 6.3% (FCST 6.2%); F...- 03-28-2025

2 months ago | mnimarkets.com | Les Commons

You are missing out on very valuable content.
MNI BRIEF: UK Feb Borrowing Outpacing OBR's October Forecasts

2 months ago | marketnews.com | Les Commons

MNI (LONDON) - UK government borrowing was GBP10.7 billion in February, GBP0.1 billion more than in February 2024 and the fourth highest February borrowing since monthly records began in 1993, the Office for National Statistics said Friday. Overall borrowing in the financial year to February 2025 was GBP132.2 billion; GBP14.7 billion more than at the same point in the last financial year and the third highest financial year-to-February borrowing since monthly records began in 1993.
MNI BOE WATCH: On Hold; Points To Risks Ahead Of May Vote

2 months ago | marketnews.com | Les Commons

BOE MPC votes 8-1 for unchanged rates, points to risks ahead. MNI (LONDON) - The Bank of England kept monetary policy unchanged in March, voting eight-one to leave Bank Rate at 4.5%, with Swati Dhingra a lone voice calling for a further 25-basis-point cut. (see MNI BOE WATCH: Set For March Hold, Mann's Vote The Wildcard )Catherine Mann, who surprised in February with a vote for a 50bp rate cut, fell back into the pack, voting to keep rates unchanged. Keep reading...Show less 413 words
MNI SNB WATCH: Cuts, But No Clear Guidance On Next Move

2 months ago | marketnews.com | Les Commons

SNB cuts 25 basis points to 0.25% as inflation outlook remains subdued. MNI (LONDON) - The Swiss National Bank cut its benchmark Policy Rate by 25 basis points to 0.25% on Thursday, saying that this would ensure that "monetary conditions remain appropriate, given the low inflationary pressure and the heightened downside risks to inflation."Banks’ sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold, and at 0% above this threshold.
MNI BRIEF: SNB Cuts Policy Rate To 0.25%, Outlook Uncertain

2 months ago | marketnews.com | Les Commons

Rates Cut for fifth straight meeting, outlook uncertain. MNI (LONDON) - The Swiss National Bank cut its benchmark Policy Rate by 25 basis points to 0.25%, saying that this would ensure that "monetary conditions remain appropriate, given the low inflationary pressure and the heightened downside risks to inflation."Banks’ sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold, and at 0% abovethis threshold.
MNI BRIEF: Tariffs Could Add 50BP To Inflation - ECB's Lagarde

2 months ago | marketnews.com | Les Commons

MNI (LONDON) - A trade war with U.S tariffs would make the eurozone's price outlook "significantly more uncertain," potentially adding 0.5 percentage point to inflation, European President Christine Lagarde told the European Parliament's ECON committee. In the near term, EU retaliatory measures and a weaker euro exchange rate "resulting from lower U.S.demand for European products" could lift inflation by around half a percentage point Lagarde said.
MNI BRIEF: UK Wage Growth Remians Challenge For BOE - ONS

2 months ago | marketnews.com | Les Commons

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.
UK: BOE MNI Instant Answer questions for March 2025 meet

2 months ago | marketnews.com | Les Commons

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.