China's industrial profits grew by 4.3% year-on-year from January to April, reaching 2.09 trillion yuan. The European Central Bank, led by Chief Economist Philip Lane, is set to cut interest rates next month, aiming to maintain a restrictive policy throughout 2024. Lane emphasized the need to adjust the rate cuts based on data and projections. ECB's Lane also highlighted the risks of easing policy too quickly and the importance of keeping rates restrictive to prevent inflation from falling below target. Additionally, Japan's service producer price index saw a 2.8% increase, the fastest since March 2015.
ECB to focus on quarterly meetings with slow, gradual rate cuts, Knot says https://t.co/DEgX3p3OYv https://t.co/httUQ0UQYj
⚠️ ECB'S KNOT: PRODUCTIVITY GROWTH WILL DETERMINE ROOM FOR ECB TO CUT RATES
ECB policymaker Klaas Knot discusses rate cuts, highlighting that economic productivity growth will play a key role in future decisions. #ECB #economy #interestrates
ECB'S KNOT: PRODUCTIVITY GROWTH WILL DETERMINE THE ROOM FOR THE ECB TO CUT RATES.
ECB'S KNOT: PRODUCTIVITY GROWTH WILL DETERMINE ROOM FOR ECB TO CUT RATES
💡 ECB: Consumer Expectations of Future Inflation Lowest Since September 2021 - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/HaAR2z3fIp
US CB CONSUMER CONFIDENCE REPORT: AVERAGE 12-MONTH INFLATION EXPECTATIONS TICKED UP FROM 5.3% TO 5.4%.
⚠️ ECB'S KNOT: RISK OF HARD LANDING IN EURO ZONE IS RECEDING QUITE RAPIDLY
ECB'S KNOT: THE RISK OF A HARD LANDING IN THE EURO ZONE IS RECEDING QUITE RAPIDLY.
ECB'S KNOT: RISK OF HARD LANDING IN EURO ZONE IS RECEDING QUITE RAPIDLY
ECB's Schnabel Says Large Balance Sheet Might Have Weakened Effect Of Rate Hikes https://t.co/8gij3AlELF
💡 ECB’s Centeno: Anticipation Effect of First Rate Cut Already Impacting People - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/u5yLaKLqms
ECB'S KNOT: BASED ON THE MARCH PROJECTIONS, OPTIMAL POLICY WOULD HAVE BEEN BROADLY IN LINE WITH 3-4 RATE CUTS THIS YEAR || WAGE GROWTH ELEVATED AND WILL BE BUMPY IN 2024 SO UNCLEAR WHAT OPTIMAL POLICY PATH JUNE PROJECTION WILL SHOW
ECB'S KNOT: HAVE TO AVOID ANY COMMITMENTS ON A SPECIFIC FUTURE RATE PATH
ECB'S KNOT: IT WILL SOON BE APPROPRIATE TO EASE THE RESTRICTIVE POLICY STANCE.
ECB'S KNOT: DISINFLATION CONTINUES, AND THE MID-TERM OUTLOOK IS IMPROVING.
ECB'S KNOT: THE WAGE GROWTH IS ELEVATED AND WILL BE BUMPY IN 2024 SO IT IS UNCLEAR WHAT THE OPTIMAL POLICY PATH JUNE PROJECTION WILL SHOW.
ECB'S KNOT: POLICY RATES ARE TO GRADUALLY BECOME LESS RESTRICTIVE.
ECB'S KNOT: THE PRECISE RATE PATH DEPENDS ON DATA AND PROJECTIONS ARE KEY.
ECB'S KNOT: WE HAVE TO AVOID ANY COMMITMENTS ON A SPECIFIC FUTURE RATE PATH.
ECB'S KNOT: THE PROJECTION ROUND MEETINGS WILL BE THE KEY FOR INTEREST RATE DECISIONS.
ECB'S KNOT: BASED ON THE MARCH PROJECTIONS, THE OPTIMAL POLICY WOULD HAVE BEEN BROADLY IN LINE WITH 3-4 RATE CUTS THIS YEAR.
🇮🇹 Italy Italian 3-Year BTP Auction $EUR Actual: 3.48% Previous: 3.32%
ECBs Holzmann to Econostream: - supports a cut next week - every step that follows needs justification - fears exchange rate might hit ECB with inflation - separate the decisions afterwards - assumes 2, max. 3 cuts this year via @PiQSuite https://t.co/Nisc2uzKGo
ECB's Holzman says he would support a rate cut next week but next moves not automatic https://t.co/Dgf48fDk92
ECB'S HOLZMANN: I WON'T AUTOMATICALLY SUPPORT MOVES AFTER A JUNE ECB CUT.
ECB'S HOLZMANN: DISINFLATON IS UNDER WAY, THERE IS LITTLE RISK OF A HICCUP.
ECB'S HOLZMANN: I WILL SUPPORT NEXT WEEK'S ECB RATE CUT.
💡 Exclusive: ECB’s Holzmann: See Disinflation Underway, With Little Reason to Fear a Hiccough in the Process - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/AMd41FfKoW
⚠️ A new ECB exclusive out 5 mins ago from @EconoStream News. The gist of the story is: ECB’s Holzmann: See Disinflation Underway, With Little Reason to Fear a Hiccough in the Process - Holzmann: ‘If the data turn out as the market projects, then of course we can continue’… https://t.co/dyDpXIxkMM
🇮🇹 Italy Italian 2-Year CTZ Auction $EUR Actual: 3.510% Previous: 3.420%
Breaking: The European Central Bank predicts a 2.9% increase in consumer price index over the next year, aligning with previous expectations of 3.0%. #ECB #CPI #economy
ITALIAN 2 YR BTP 3.2% AUCTION BID-TO-COVER 1.42 AVERAGE YIELD 3.51% SELLS €2.75 BLN
ITALIAN 2 YR BTP YIELD ACTUAL 3.51% (FORECAST -, PREVIOUS 3.42%) $MACRO
Euro zone consumers lower inflation expectation, ECB survey shows https://t.co/TbIN7CXVPz https://t.co/CpPJogn8d6
🇪🇺 ECB April Survey of Consumer Expectations (CES): ➡️ Median expectations for inflation over the next 12 months edged down to 2.9%, median expectations for inflation 3 years ahead are down to 2.4% ➡️ Expectations for nominal income growth remained stable at 1.3%. Expectations… https://t.co/LtDqzL8C08 https://t.co/75uC6U0obc
ECB says consumer inflation expectations declined in April https://t.co/FAfSQQi06f https://t.co/0DljuBXVJk
🔵 EURO ZONE CONSUMERS LOWER INFLATION EXPECTATION, ECB SURVEY SHOWS Full Story → https://t.co/kbIAmudTEy Euro zone consumers lowered their inflation expectations last month, a fresh European Central Bank survey showed on Tuesday, just as the bank was making plans to start…
Inflation expectations of consumers in the euro zone edged lower in April, according to the ECB — reinforcing plans to start lowering interest rates next week https://t.co/GJfBYSdM0O
Eurozone inflation expectations lowest since September 2021 - ECB survey https://t.co/AxrvtkPV2u
💡 ECB’s Schnabel: QE Needs to Be Used Carefully Outside Crisis - @EconoStream on https://t.co/orvmA6WYlS Full Story → https://t.co/UgbS06XHh8
🇪🇺 *EURO AREA APRIL 1-YEAR CPI EXPECTATIONS FALL TO 2.9%; EST. 2.9% - BBG *EURO AREA APRIL 3-YEAR CPI EXPECTATIONS FALL TO 2.4%; EST. 2.5% *Link: https://t.co/RgfKl1wNtu https://t.co/oMEifGUlef
ECB Survey: Inflation Expectations 3 Years Ahaed at 2.4% in April vs 2.5% in March ECB Survey: Consumers See Inflation 12 Months Ahead at 2.9% in April vs 3.0% in March ECB Survey: Growth Outlook Less Negative, Labour Mkt Seen Stable
⚠️ ECB SURVEY: **CONSUMERS SEE INFLATION 12 MONTHS AHEAD AT 2.9% IN APRIL VS 3.0% IN MARCH **INFLATION EXPECTATIONS 3 YEARS AHAED AT 2.4% IN APRIL VS 2.5% IN MARCH **GROWTH OUTLOOK LESS NEGATIVE, LABOUR MARKET SEEN STABLE
What do consumers in the euro area expect will happen to inflation, their incomes, their spending and the value of their homes 12 months from now? We’ve published the latest results of our Consumer Expectations Survey. Press release https://t.co/yYkjxORrVU https://t.co/AN5wqUiJsm
ECB 1 YEAR CPI EXPECTATIONS ACTUAL 2.9% (FORECAST 2.9%, PREVIOUS 3.0%) $MACRO
ECB 3 YEAR CPI EXPECTATIONS ACTUAL 2.4% (FORECAST 2.5%, PREVIOUS 2.5%) $MACRO
Eurozone ECB 1 Year CPI Expectations Apr: 2.9% (est 2.9%; prev 3.0%) - ECB 3 Year CPI Expectations Apr: 2.4% (est 2.5%; prev 2.5%)
🇬🇧 ECB Ready For Rate Cuts Next Week, Chief Economist Says ▫Eurozone bank set to lead reductions ▫Risk in loosening before Fed rebuffed ▫@MAmdorsky #frontpagestoday #UK @FT 🇬🇧 https://t.co/0Pr7zKCDoS
ECB’s Schnabel says QE must be used carefully outside of crises https://t.co/xovdUL2V0Q via @weberalexander https://t.co/tbZcuPgjy4
GERMAN WHOLESALE PRICE INDEX YOY ACTUAL -1.8% (FORECAST -, PREVIOUS -3%) $MACRO
GERMAN WHOLESALE PRICE INDEX MOM ACTUAL 0.4% (FORECAST -, PREVIOUS 0.2%) $MACRO
The ECB should use quantitative-easing programs primarily in times of crisis as their costs might be more pronounced than other tools in its repertoire, according to Executive Board member Isabel Schnabel https://t.co/H07Q3sAQfR
AUSTRALIAN CPI YOY SA ACTUAL 3.80% (FORECAST -, PREVIOUS 3.70%) $MACRO
AUSTRALIAN CPI MOM ACTUAL 0.40% (FORECAST -, PREVIOUS 0.50%) $MACRO
ECB'S SCHNABEL: IN BANK-BASED ECONOMY TARGETED LONGER-TERM REFINANCING OPERATIONS CAN PROVIDE SUBSTANTIAL SUPPORT WITH SMALLER FOOTPRINT
CENTRAL BANKS MUST EXERCISE CAUTION WHEN USING QE OUTSIDE OF CRISIS: SCHNABEL
ECB'S SCHNABEL: QE MAY HAVE WEAKENED THE TRANSMISSION OF MONETARY POLICY DURING THE RECENT TIGHTENING CYCLE
ECB'S SCHNABEL: TARGETED LONGER-TERM REFINANCING OPERATIONS HAVE SMALLER, LESS PERSISTENT FOOTPRINT
Japan’s service prices rose at the fastest clip in over 30 years, supporting the case for the BOJ to raise interest rates https://t.co/08rs9qRncE
The ECB signaled it was likely to cut its key interest rate on June 6, moving before any potential action by the Federal Reserve. https://t.co/l34DvwsRZ1
Japan's business service prices rise at fastest annual pace since March 2015 https://t.co/p5HCkprqKJ https://t.co/D3eH8W6elp
Bank of Japan says services PPI has hit its fastest rate on increase since March 2015 https://t.co/suKeVbI7aR
BOJ SAYS CORPORATE SERVICES PRICE INDEX HITS FASTEST YR/YR INCREASE OF 2.8% SINCE MARCH 2015
Breaking news: Japanese Service Producer Price Index for June exceeded expectations at 2.8%, surpassing both the forecast of 2.3% and the previous month's 2.3%. #Japan #economy #news $PPI
JAPANESE SERVICE PPI ACTUAL 2.8% (FORECAST 2.3%, PREVIOUS 2.3%) $MACRO
💡 ECB’s Lane: Disinflation Dynamic Consistent with Reaching 2% Target in 2025 - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/PIfQmKI5oX
ECB chief economist Philip Lane says rate cuts will be contingent on economic data. #ECB #economy #interestrates
Hong Kong's exports have exceeded expectations, reaching 11.9% compared to the forecasted 7.6% and previous 4.7%. #HongKong #Exports
ECB's Chief Economist Philip Lane discusses economic outlook in Financial Times interview.
ECB's Lane suggests potential interest rate cuts to boost economy and achieve economic objectives.
ECB's Philip Lane emphasizes the need for a tight monetary policy throughout the remainder of the year.
An official from the European Central Bank has confirmed that a rate cut is likely to happen in June, unless any unexpected developments occur.
ECB's Lane reports wage pressures have eased since 2023, states ECB wage tracker. #ECB #wagepressures #economy
ECB Chief Economist Philip Lane projects disinflation and sets aim to reach target by next year. #ECB #economy #inflation
ECB's Lane emphasizes that disinflation is bolstering economic revival amidst recovery. #ECB #economy #disinflation
🇪🇺 ECB’s Lane: "The subsequent pace of rate cuts will be slower if there are upward surprises to underlying inflation (especially in relation to the underlying dynamics of domestic inflation and services inflation) and the level of demand (in view of the implications of demand… https://t.co/vhe2s0cK2w
ECB's Lane emphasizes ongoing impact of recent rate hikes during latest update. #ECB #interestrates
ECB's Lane: Rate Cut Next Week Is ‘No Declaration Of Victory’
ECB’S LANE: A RATE CUT NEXT WEEK IS NO DECLARATION OF VICTORY.
ECB rate-hiking still hasn’t been fully felt, Lane says https://t.co/DUTtUtoMU7 via @weberalexander @livfletcher_ https://t.co/fkeVKtKgTu
ECB's Lane says cuts will depend on underlying inflation, demand https://t.co/PKuzuVAv3w https://t.co/9dPsHJ9TsN
🇪🇺 ECB’s Villeroy: "I don't say that we should commit already on July, but let us keep our freedom on the timing and pace," ~ So Villeroy thinks they absolutely should commit to a cut in July on top of June’s almost certain cut. 😉 https://t.co/XXgr5oWE5r
The full impact of the ECB’s unprecedented monetary-tightening campaign is yet to be felt — even as officials gear up to lower borrowing costs in June, Chief Economist Philip Lane says https://t.co/lTTA0nq4DC
ECB Insight: Lane, Warming to Looser Monetary Policy, Avoids Mention of ‘Caution’ https://t.co/bdlvLTpFYp‘caution’.html
ECB’S LANE: WE WILL SEE ANOTHER PHASE OF DISINFLATION BRINGING US BACK TO TARGET LATER NEXT YEAR.
ECB’s Lane: Inflation Expected To 'Bounce Around The Current Level' Over The Coming Months
ECB's Lane observes a moderate slowdown in wage growth, which remains steady amid fluctuations. #ECB #economy #wages
ECB’S LANE: WE THINK OVER THE COMING MONTHS, INFLATION WILL BOUNCE AROUND THE CURRENT LEVEL.
ECB'S LANE: EASING THE STANCE TOO QUICKLY WOULD NOT BE CONSISTENT WITH INFLATION SUSTAINABLY RETURNING TO TARGET IF INFLATION TURNS OUT TO BE MORE PERSISTENT THAN ANTICIPATED
ECB'S LANE: TRANSMISSION EFFECT MAY HAVE PEAKED AT TURN OF 2024
ECB'S PHILIP LANE: THE OVERALL MESSAGE ON WAGES IS BUMPY. THERE IS SOME DECELERATION, BUT IT IS FAIRLY SLOW
⚠️ ECB'S PHILIP LANE: THE OVERALL MESSAGE ON WAGES IS BUMPY. THERE IS SOME DECELERATION, BUT IT IS FAIRLY SLOW
ECB’S LANE: THE OVERALL MESSAGE ON WAGES IS BUMPY. THERE IS SOME DECELERATION, BUT IT IS FAIRLY SLOW.
ECB'S LANE: KEEPING RATES OVERLY RESTRICTIVE FOR TOO LONG COULD PUSH INFLATION BELOW TARGET OVER THE MEDIUM TERM. THIS WOULD REQUIRE CORRECTIVE ACTION THAT COULD EVEN REQUIRE HAVING TO DESCEND TO BELOW-NEUTRAL - Below what this means using STIR curve and DBRI real yield curve. https://t.co/49nzdkjQpr
ECB’S LANE: THE EFFECTS OF PAST RATE HIKES ARE STILL UNFOLDING.
ECB'S LANE: KEEPING RATES OVERLY RESTRICTIVE FOR TOO LONG COULD PUSH INFLATION BELOW TARGET OVER THE MEDIUM TERM. THIS WOULD REQUIRE CORRECTIVE ACTION THAT COULD EVEN REQUIRE HAVING TO DESCEND TO BELOW-NEUTRAL
ECB'S LANE: EVEN IF INFLATION DOES NOT SMOOTHLY DECLINE DURING THE REST OF 2024, FURTHER DISINFLATION CAN BE EXPECTED IN THE COURSE OF 2025
ECB'S LANE: IT IS STRAIGHTFORWARD THAT THE CALIBRATION OF THE APPROPRIATE DEGREE OF RESTRICTIVENESS SHOULD ADJUST FOR THE IMPACT OF LOWER EXPECTED INFLATION
ECB'S LANE: THE ECB WAGE TRACKER IS SIGNALLING THAT OVERALL WAGE PRESSURES HAVE MODERATED SINCE 2023
ECB'S LANE: THE BREADTH OF THE DOMESTIC INFLATION DYNAMIC IS NARROWING.
ECB's Lane: There is a risk to easing policy stance too quickly https://t.co/98QNfy7woQ
🇪🇺 *#ECB CHIEF ECONOMIST PHILIP LANE GIVES SPEECH IN DUBLIN - BBG *ECB'S LANE: DISINFLATION CONSISTENT WITH MEETING 2% IN 2025 *ECB'S LANE: FURTHER DISINFLATION CAN BE EXPECTED IN 2025 ⬇ #Inflation in the euro area https://t.co/q8RWld0xVA https://t.co/4KMIXX5zz9
ECB's Lane: Breadth Of The Domestic Inflation Dynamic Is Narrowing https://t.co/vcB6s5awQg
ECB’S LANE: DISINFLATION IS ALSO CONSISTENT WITH ECONOMIC RECOVERY.
ECB’S LANE: EASING THE STANCE TOO QUICKLY WOULD NOT BE CONSISTENT WITH INFLATION SUSTAINABLY RETURNING TO TARGET IF INFLATION TURNS OUT TO BE MORE PERSISTENT THAN ANTICIPATED.
ECB’S LANE: KEEPING RATES OVERLY RESTRICTIVE FOR TOO LONG COULD PUSH INFLATION BELOW TARGET OVER THE MEDIUM TERM. THIS WOULD REQUIRE CORRECTIVE ACTION THAT COULD EVEN REQUIRE HAVING TO DESCEND TO BELOW-NEUTRAL.
ECB'S LANE: EVEN IF INFLATION DOES NOT SMOOTHLY DECLINE DURING THE REST OF 2024, FURTHER DISINFLATION CAN BE EXPECTED IN THE COURSE OF 2025.
ECB’S LANE: IT IS STRAIGHTFORWARD THAT THE CALIBRATION OF THE APPROPRIATE DEGREE OF RESTRICTIVENESS SHOULD ADJUST FOR THE IMPACT OF LOWER EXPECTED INFLATION.
ECB’S LANE: THE BREADTH OF THE DOMESTIC INFLATION DYNAMIC IS NARROWING.
ECB'S LANE: THE ECB WAGE TRACKER IS SIGNALLING THAT OVERALL WAGE PRESSURES HAVE MODERATED SINCE 2023.
ECB'S VILLEROY: I DON'T SAY THAT WE SHOULD COMMIT ALREADY ON JULY, BUT LET'S KEEP OUR FREEDOM ON THE TIMING AND PACE.
The ECB will cut interest rates next week, but what comes after that? https://t.co/509YMmuvB5
The European Central Bank has sent a clear signal that it will cut interest rates from their historic highs next week, as its chief economist brushed off fears that doing so before the US Federal Reserve could backfire. https://t.co/mWqWQ6qTU7
ECB INSIGHT: LANE, WARMING TO LOOSER MONETARY POLICY, AVOIDS MENTION OF ‘CAUTION’ - ECONOSTREAM
ECB Insight: Lane, Warming To Looser Monetary Policy, Avoids Mention Of ‘Caution’ - Econostream https://t.co/9TRSyHJMDM
💡 ECB Insight: Lane, Warming to Looser Monetary Policy, Avoids Mention of ‘Caution’ - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/R9RHUV00b2
The time is ripe to cut interest rates next week, European Central Bank's Rehn says https://t.co/TeJp4Wu70j
BREAKING: 🇪🇺 European Central Bank to cut interest rates in June. “What we see right now is enough to remove the maximum level of restriction, equal to 4%. Data over the coming months will help us determine the pace of further easing,” says ECB chief economist Philip Lane. https://t.co/H4Ee2MGE8d
🇭🇰 Hong Kong Imports (MoM) (Apr) $HKD Actual: 3.7% Previous: 5.3%
🇭🇰 Hong Kong Exports (MoM) (Apr) $HKD Actual: 11.9% Previous: 4.7%
HONG KONG EXPORTS ACTUAL 11.9% (FORECAST 7.6%, PREVIOUS 4.7%) $MACRO
HONG KONG IMPORTS ACTUAL 3.7% (FORECAST 6.8%, PREVIOUS 5.3%) $MACRO
💡 ECB’s Lane: Can Start Cutting in June, But ‘Need to Be Restrictive All Year Long’ - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/Yn2O4fDP6Q
🔴 GERMAN IFO EXPECTATIONS ACTUAL 90.4 (FORECAST 90.8, PREVIOUS 89.9) $MACRO
🔴 GERMAN IFO CURRENT CONDITIONS ACTUAL 88.3 (FORECAST 89.8, PREVIOUS 88.9) $MACRO
ECB's Rehn: The time is ripe to start cutting rates in June https://t.co/QRScnMDcPE
ECB'S REHN: ECB IS NOT PRE-COMMITTING TO ANY RATE PATH.
🇪🇺 #ECB'S REHN SAYS `TIME IS RIPE IN JUNE' TO START CUTTING RATES - BBG *ECB'S REHN: RATE CUTS ASSUME DISINFLATIONARY STANCE CONTINUES *REHN: ECB TO FOLLOW DATA-DEPENDENT MEETING-BY-MEETING APPROACH
ECB'S REHN: THIS OBVIOUSLY ASSUMES THAT THE DISINFLATIONARY TREND WILL CONTINUE AND THERE WILL BE NO FURTHER SETBACKS IN THE GEOPOLITICAL SITUATION AND ENERGY PRICES
ECB'S REHN: THIS OBVIOUSLY ASSUMES THAT THE DISINFLATIONARY TREND WILL CONTINUE AND THERE WILL BE NO FURTHER SETBACKS IN THE GEOPOLITICAL SITUATION OR ENERGY PRICES.
The European Central Bank has sent a clear signal that it will cut interest rates from their historic highs next week, as its chief economist brushed off fears that doing so before U.S. Federal Reserve could backfire https://t.co/ZyYCETxhK1
In an interview with the FT, the bank's chief economist Philip Lane brushed off fears that lowering borrowing costs before the US Federal Reserve could backfire. https://t.co/MChqbkxjmJ https://t.co/67NYTN8XTE
Chief Economist Philip R. Lane talks to the @FT about the current economic outlook and monetary policy. Read the interview https://t.co/MwAuSATraj https://t.co/ESMtt8l6tg
Chinese industrial profits return to growth https://t.co/4EoPkiYYnC
🇪🇺 ECB’s Lane told the FT in an interview: "Barring major surprises, at this point in time there is enough in what we see to remove the top level of restriction," Lane said ECB policymakers needed to keep rates in restrictive territory this year to ensure that inflation kept… https://t.co/li2ri0A6Rp
JAPANESE LEADING INDICATOR CHANGE REV. ACTUAL 0.1 (FORECAST -, PREVIOUS -) $MACRO
“The European Central Bank has sent a clear signal that it will cut interest rates from their historic highs next week, as its chief economist brushed off fears that doing so before the US Federal Reserve could backfire” — Financial Times
ECB monetary policy will need to be restrictive all year long, Lane tells the FT https://t.co/LcM0BXUYR6 via @jaskuzmanovic https://t.co/kUP2NYMAQe
The ECB is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, Chief Economist Philip Lane says https://t.co/7Qhy9P0dxP
The European Central Bank is expected to begin lowering its policy rate at the next June meeting, barring any rapid changes in inflation and employment data. #MacroEdge
ECB's Lane: There is enough in what we see to start interest rate cuts https://t.co/YFukNtHX4c
ECB'S LANE: RESTRICTIVE POLICY NECESSARY THROUGHOUT THE YEAR
ECB'S LANE: PACE OF RATE CUTS TO BE BASED ON DATA
ECB CHIEF ECONOMIST PHILIP LANE COMMENTS ON FINANCIAL TIMES
In April, #China's #industrial enterprises above the designated scale saw profits rise by 4.0 percent year-on-year, a significant improvement from the 3.5-percent decline in March as the government's pro-growth policies take effect, China’s National Bureau of Statistics said… https://t.co/pgmiAW9mpw
JUST IN: China's January to April industrial profit grew by 4.3% y/y to 2.09 trillion yuan.-NBS April profit grew 4.0. 1/ thread #China #industry #profit 🇨🇳 https://t.co/tejmUcAzpK
CHINESE INDUSTRIAL PROFIT YTD ACTUAL 4.3% (FORECAST -, PREVIOUS 4.3%) $MACRO