POLAND: MPC Members Signal Caution With Further Rate Cuts: BBG
Oct-15 13:07
Monetary Policy Council members Gabriela Maslowska and Henryk Wnorowski have spoken in separate interviews with Bloomberg News. Highlights below (via BBG):
- “We have to be very cautious,” Maslowska said. “There is a lot of truth” in comments about the limited scope to further trim rates this year, she added.
- Wnorowski said that “at the moment it seems to me that leaving rates unchanged in November is more likely than cutting them.” He doesn’t rule out a reduction next month if the central bank’s inflation projection — due in November — shows little upward pressure on prices.
- He said, however, that threats of a “second wave of inflation are real.”
- Maslowska forecast the benchmark gradually declining to “around 4%” next year, while Wnorowski said the terminal rate will be “closer to 4% than to 3%.”
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EQUITIES: Sino-U.S. Trade Meeting Comments Continue to Underpin Equities
Sep-15 13:07
Positives surrounding the Sino-U.S. trade talks, with a Trump-Xi phone call confirmed for this Friday, continue to underpin e-minis.
- USTR Greer has noted that the U.S. is open to considering further action on the tariff pause if the talks are positive.
- Meanwhile, Treasury Secretary Bessent pointed to the likelihood of another round of trade talks in the coming weeks.
- Projected resistance in S&P 500 e-minis comes in at 6,685.25.
MXN: FX Exchange traded Option
Sep-15 13:05
FX Exchange traded Option, looking for MXN upside:
- MXNUSD (3rd Oct) 5.45c, bought for 0.0001 in 3.25k total.
The underlying exchanges hands at 5.3860, and this looks to be a new position.
MNI EXCLUSIVE: MNI speaks with Italian and Greek officials about EGB markets
Sep-15 13:00
MNI speaks with Italian and Greek officials about eurozone debt markets. -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
