The European Union experienced rapid deflation over the past year, culminating in an increase in December that suggests a slowdown into 2024. European Central Bank (ECB) President Christine Lagarde indicated that the EU is on track to reach its inflation target of 2% by 2025, but she is 'not yet shouting victory.' In the UK, an unexpected inflation increase for the first time in ten months has sparked concerns about potential interest rate hikes by the Bank of England. Lagarde also commented on the role of aggressive financial market bets on interest rate cuts, stating that they are not aiding the fight against inflation. She expressed confidence that barring another major shock, the peak has been reached, and discussed the factors contributing to the decrease in inflation, including declining energy prices, supply bottlenecks, and monetary policy.
Aggressive bets on interest-rate cuts in financial markets "are not helping the fight against inflation," says ECB President Christine Lagarde at #BloombergHouse in Davos https://t.co/EKa9pzbIF4 https://t.co/JSvlNwsSUO
UK inflation picked up unexpectedly for the first time in 10 months, tempering views on how far the Bank of England can reduce interest rates https://t.co/BarVm78AI3
UK inflation picked up unexpectedly for the first time in 10 months, tempering views on how far the Bank of England can reduce interest rates https://t.co/sbZEJ8bevY
UK inflation picked up unexpectedly for the first time in 10 months, tempering views on how far the Bank of England can reduce interest rates https://t.co/5E935iKtMQ
Christine Lagarde, President, @ecb says that she is "confident that short of another major shock, we have reached a peak," when ask if she thinks there will be interest rate cuts this year. #BloombergHouse @flacqua https://t.co/0iFVkREnIo
ECB President Christine Lagarde says that aggressive bets in financial markets on interest-rate cuts aren’t helping policymakers in their task https://t.co/DR6P0I1YMV
1️⃣ Declining energy prices 2️⃣ Supply Bottlenecks 3️⃣ Monetary policy Christine Lagarde, President, @ecb breaks down why inflation has gone down. #BloombergHouse https://t.co/Qxbgp6qgr7
"I'm not going to shout victory, not yet." Christine Lagarde, President, @ecb on whether optimism in the markets affect the rate of inflation and the battle to get it down to 2%. #BloombergHouse https://t.co/jbD8X0mwcK
Aggressive bets in financial markets on interest-rate cuts "are not helping the fight against inflation," says ECB President Christine Lagarde at #BloombergHouse in Davos https://t.co/fjgoq5Zvxn https://t.co/qQzgai9vo8
"We are confident that we will get it that target 2%." Christine Lagarde, President, @ecb talks to @flacqua about the rapid deflation the EU has experienced over the last year. #BloombergHouse https://t.co/bjcWeorxGe
🔴 Inflation ticked up last month, official figures show, in a blow to hopes that the Bank of England will begin cutting interest rates in the coming months. Follow our business live blog ⬇️ https://t.co/wyKkVEsDLg https://t.co/wnDP5sWB3z
ECB President Christine Lagarde says that aggressive bets in financial markets on interest-rate cuts aren’t helping policymakers in their task https://t.co/PskfP3auCa
NEW: UK inflation rose unexpectedly for the first time in 10 months, a setback that’s likely to temper discussion about when the Bank of England can reduce interest rates Story from @tomelleryrees @PhilAldrick >> https://t.co/qBBKauxdkS
BREAKING: Unexpected rise in UK inflation rate for first time in months sparks Bank of England interest rate hike fears https://t.co/sIfhwAcv4E
UK inflation picks up unexpectedly, a setback that’s likely to temper discussion about when the Bank of England can reduce interest rates https://t.co/uj8bUb9gOP
The EU experienced rapid deflation last year which ended with an upward bump in December suggesting a slow down into 2024. With a target of 2%, the European Central Bank (@ecb) President Christine @Lagarde said that “according to our projections we will get there in 2025,” but… https://t.co/9aOjOD6uzW
The EU experienced rapid deflation last year which ended with an upward bump in December suggesting a slow down into 2024. With a target of 2%, the Central Bank President (@ecb) Christine @Lagarde said that “according to our projections we will get there in 2025,” but also… https://t.co/LCVpGJKnLP
The EU experienced rapid deflation in last year which ended with an upward bump in December suggesting a slow down into 2024. With a target of 2%, the Central Bank President (@ecb) Christine @Lagarde said that “according to our projections we will get there in 2025,” but also… https://t.co/llQEnWINP2