zone

European Central Bank: Likelihood of October Rate Cut is Very Low

2 months ago

According to European Central Bank (ECB) board member Kestutis Simkus, the likelihood of a rate cut at the upcoming bank meeting in October is very low. His comments underscore the central bank's confidence that the current macroeconomic situation in the Eurozone does not require immediate actions in the form of easing monetary policy.

ECB Concerned About Risks of Inflation Both Below and Above Target Level

3 months ago

The Governor of the Banque de France, Villeroy de Galhau, stated that the European Central Bank (ECB) is closely monitoring the risks of inflation both below and above the target level of 2%. At a recent meeting with journalists, he emphasized that while inflation levels in the euro area have decreased, significant uncertainties remain. Villeroy noted that rising prices for energy and food could lead to an overall increase in inflation.

Confidence in Inflation Slowing Grows, Says ECB Member

3 months ago

Recently, European Central Bank (ECB) member Ispior Müler stated that confidence is growing that inflation in the eurozone is beginning to slow down. According to him, observations and analyses of recent economic data show positive trends that may indicate a decrease in inflationary pressures. This statement emphasizes the importance of stability and predictability of prices, which is one of the key objectives of the central bank.

ECB Sticks to Gradual Rate Cut Strategy

3 months ago

Yesterday, September 12, high-ranking officials from the European Central Bank (ECB) reaffirmed their commitment to a gradual rate-cutting strategy. This news comes in light of recent economic indicators, which have shown signs of stability and moderate growth in recent months. The ECB, which has maintained a low-rate policy for several years now, states that changes in the economic environment necessitate a cautious approach to monetary policy adjustments.

ECB Rejects Promises to Cut Interest Rates

3 months ago

European Central Bank (ECB) President Christine Lagarde recently stated that there are currently no plans to lower interest rates. This announcement took many economists and analysts by surprise, as expectations grew that after several months of rate hikes, the central bank would begin easing its monetary policy. During the press conference, Lagarde emphasized that the ECB would closely monitor economic indicators and be prepared to respond to changes in the eurozone’s economic conditions.

Wage Growth Slowdown in Eurozone: What's Wrong with the Economy?

3 months ago

Recent data published by the European Central Bank (ECB) shows a significant slowdown in wage growth across eurozone countries. This metric serves as a crucial indicator of the economic health of the region and is expected to influence the central bank's future policies, including potential interest rate cuts.

ECB's Economic Hopes at Risk as Consumers Cut Spending

3 months ago

Recent reports from the European Central Bank (ECB) highlight growing concerns about the state of the eurozone's economy. Data indicates that consumers, facing rising prices and heightened inflation, are beginning to cut their spending, which could significantly affect the region's economic recovery.

Unexpected Economic Growth in the Eurozone in Q2 2024

3 months ago

The Eurozone economy recorded a growth of 0.1% in Q2 2024, which is significantly below analysts' expectations that predicted a stronger growth rate of 0.3%. This unexpected result is attributed to multiple factors, including internal economic issues, rising inflation, and supply chain problems. Notably, a significant decline in investment in the services sector has been one of the key factors negatively affecting the overall economic growth of the region.

ECB to Continue Rate Cuts Despite Weakening Economy, Poll Shows

3 months ago

The European Central Bank (ECB) plans to continue cutting interest rates despite signs of slowing economic growth in the eurozone. According to a Bloomberg poll, most experts believe that the regulator will accelerate rate cuts at its upcoming meeting scheduled for next week. By lowering interest rates, the ECB aims to support economic activity and prevent further recession risks.

European Central Bank: September Rate Cut Could Be a Wise Decision

3 months ago

Recent statements by François Villeroy de Galhau, the Governor of the Bank of France and a member of the European Central Bank (ECB) board, indicate that a potential rate cut in September 2024 appears to be reasonable and justified. He believes that such a measure would respond to the slowing economic growth in Europe and the risks associated with inflation.