ecb
Germany's annual inflation recorded its first increase of 2024 in May, aligning with economists' forecasts. According to preliminary data published by the Federal Statistical Office (Destatis) on Wednesday, the consumer price index surged by 2.4% in May 2024 compared to the previous year, up from the 2.2% rate in April and matching the expected 2.4% rise. On a monthly basis, inflation advanced at a modest 0.1% pace, the lowest increase since December 2023, decelerating from the previous 0.5% growth and falling below the anticipated 0.2%. Fresh hint that ECB might be set to cut interest rates a...
Euronews (English)
There are indications that the European Central Bank (ECB) may be planning to cut interest rates at its meeting next month. In an interview with the Financial Times, the ECB's chief economist Philip Lane said: "Barring major surprises, at this point in time there is enough in what we see to remove the top level of restriction." If there is a cut at the 6 June meeting, which takes place as the European elections are being held, it would mean the ECB would be cutting its rates ahead of any other major central banks. It had came under criticism for being too slow to raise them after inflation sur...
Euronews (English)
Some key economic data will drive market sentiment, with the Consumer Price Indices (CPIs) from major European countries set to be in the spotlight this week. Additionally, Personal Consumption Expenditures (PCE) will be a focus for investors looking to gauge central banks’ interest rate trajectories. EuropeFollowing the hotter-than-expected inflation data from the UK last week, major economies, including Germany, France, Spain, and Italy are poised to release their estimated CPI for May this week. At a country level, Germany will release the prelim CPI for May on Wednesday. The country’s infl...
Euronews (English)
The European Central Bank (ECB) is likely to cut its key rates by 25 basis points when the governing council meets at the beginning of June, ECB Vice President Luis de Guindos has indicated in an interview published on Thursday. Speaking to the Austrian daily Oberösterreichische Nachrichten, De Guindos said the ECB took a transparent attitude regarding the June 6 monetary policy meeting and was adopting a cautious approach. This indicated a cut of 25 basis points, he said. The rate for fixed rate tenders, the ECB rate for lending to commercial banks in the 20-member eurozone, currently stands ...
DPA International
The European Central Bank (ECB) is likely to cut its key rates by 25 basis points when the governing council meets at the beginning of June, ECB Vice President Luis de Guindos has indicated in an interview published on Thursday. Speaking to the Austrian daily Oberösterreichische Nachrichten, De Guindos said the ECB took a transparent attitude regarding the June 6 monetary policy meeting and was adopting a cautious approach. This indicated a cut of 25 basis points, he said. The rate for fixed rate tenders, the ECB rate for lending to commercial banks in the 20-member eurozone, currently stands ...
DPA
The European Central Bank (ECB) is likely to cut its key rates by 25 basis points when the governing council meets at the beginning of June, ECB Vice President Luis de Guindos has indicated in an interview published on Thursday. Speaking to the Austrian daily Oberösterreichische Nachrichten, De Guindos said the ECB took a transparent attitude regarding the June 6 monetary policy meeting and was adopting a cautious approach. This indicated a cut of 25 basis points, he said. The rate for fixed rate tenders, the ECB rate for lending to commercial banks in the 20-member eurozone, currently stands ...
DPA Breaking News
The European Central Bank (ECB) is facing calls to bring in nationality-based quotas for staff recruitment. This comes after an Irish member of the ECB's executive board called on Dublin to ensure a substantial presence of Irish citizens among the bank's employees. ECB chief economist, Philip Lane, who is Irish, is expected to retire within the next 10 years and he is worried that the numbers of his countrymen and women within the bank are declining meaning Ireland will have less representation than it has presently. He recently warned an Irish government minister about the potential decline i...
Euronews (English)
The monetary policy accounts of the latest European Central Bank's meeting in April indicated that the Governing Council finds it "plausible" to begin easing monetary policy restrictions in the upcoming June meeting. The April meeting minutes highlighted that markets had effectively digested the ECB's communications, with a general preparedness for a potential rate cut in June, should incoming data support the current economic projections. A broad consensus among the members underscored the prudence of waiting until the next monetary policy meeting. This would allow the Council to assess addit...
Euronews (English)
Last week, global markets ended mixed amid various company earnings results and macro developments. As we move into this week, market focus is keenly directed towards the upcoming interest rate decision from the Bank of England. Additionally, anticipation mounts for insights into the European Central Bank (ECB)'s deliberations during its April policy meeting, as it prepares to unveil crucial details. Meanwhile, earnings season continues on both sides of the Atlantic, adding further depth to market dynamics. EuropeThis week, all eyes are on the Bank of England's monetary policy meeting, which i...
Euronews (English)
Economic growth in the eurozone exceeded economists' expectations in the first quarter of the year, while the annual inflation rate for April demonstrated stable performance compared to the previous month. This halted the downward trend that began in January, but it also provided some encouraging signs for an anticipated European Central Bank (ECB) rate cut in June. According to flash estimates from Eurostat released on Tuesday, the annualised gross domestic product growth in the eurozone was 0.3% in the first quarter of 2024 compared to the final quarter of 2023. This marks a significant impr...
Euronews (English)
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