SONIA OPTIONS: Call Condor buyer

• Mann asked if hikes should be front-loaded:
• Mann: Research suggests that you cannot be behind. "What kind of mistake do you want to make? You can make a mistake that says I I tighten and it turns out inflation wasn't as bad as I thought it was going to be. That's a mistake. The second alternative mistake is I don't tighten and inflation does turn out to be worse than I thought. From a risk management perspective, you need to do the first. Why? Because if you don't move, and inflation turns out to be worse, you have two jobs to do. One is to bring back inflation expectations drift, and two, bring inflation back to target. If you follow the first strategy, which is I'm going to tighten, turns out I didn't need to or I shouldn't have, I can pivot."
• Again these comments are not uncommon for Mann.

You are invited to listen to a Livestreamed MNI Connect Video Conference with ECB Executive Board Member, Piero Cipollone. 

Details below:

• Speaker: ECB Executive Board Member,Piero Cipollone.
• Topic of discussion: ‘Money in the Digital Age: Digital Euro, Tokenisation and the Role of Central Banks’
• Date: Tuesday 6 October from 1400-15.30 London/0900-10.30 ET/15:00-16:30 CET
• This event will be run as a Zoom Webinar and is a public, on-the-record event.
• To register please use this link.