Medium Lending Facility News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Following the airstrike launched by the US and UK against Houthi rebel target in Yemen overnight (see more below), geopolitics will be on top of the agenda.

Today is a light day on the international data front, but we get a lot of Nordic data.

Today is a light day on the international data front, but we get a lot of Nordic data. In Denmark, we get CPI inflation for December 2023. We expect to see that inflation has continued to climb higher to 1.1% y/y, due to base effects from December 2022's decline in fuel and electricity prices. We expect the underlying price pressure to remain low, as it has for the last 3-4 months.

Cautionary tone by Fed speakers. On Friday, some FOMC participants cautioned against declaring victory over inflation despite the recent positive signals. Collins (non-voter) noted that she has seen less progress on non-shelter services inflation and that additional rate hikes cannot yet be taken off the table. Goolsbee (voter) underscored that taming inflation remains the Fed's key focus over growth or the labour market. Daly (non-voter) emphasized that the Fed 'needs patience' as the path to 2% inflation still remains unclear. This week markets will keep an eye out for the FOM...

PBoC stays put on rates – but banks may cut 5Y prime rate The PBoC has kept the 1Y Medium Lending Facility interest rate unchanged at 2.85% since February, even though China experienced a deep economic slowdown in April and May. Unlike most other economies in the region, China is not suffering from high inflation ...