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The Bank of Canada governing council is divided on whether interest rates need to increase to control inflation. Some officials argued for higher borrowing costs but agreed to be patient. European central bankers, including ECB President Lagarde, warned against quick rate cuts, citing inflation risks. They believe it's too early to consider lowering borrowing costs, and ECB's no. 2 official urged preparation for prolonged elevated interest rates. The ECB sees inflation risks and plans to keep the deposit rate at 4% to control inflation, with the possibility of raising borrowing costs if necessary.
ECB President Lagarde says that keeping the deposit rate at 4% should be enough to tame inflation, but officials will consider raising borrowing costs again if they need to https://t.co/YnaokMOV27
ECB President Lagarde says that keeping the deposit rate at 4% should be enough to tame inflation, but officials will consider raising borrowing costs again if they need to https://t.co/i2Puabg1TW
Central bank warns Canadians to plan for a period where rates may be higher https://t.co/izoNh0lB8N https://t.co/Wla909a5sx
the Bank of Canada’s no. 2 official urged preparation for interest rates staying elevated for longer https://t.co/j0cOfheqef
ECB still sees inflation risks so rate cut talk too early - vice president - Reuters https://t.co/LjuFkrWjQe
🔴 ECB'S VUJCIC: IT IS TOO EARLY TO CONSIDER RATE CUTS.
ECB still sees inflation risks so rate cut talk too early - vice president https://t.co/Ye22cwt6vW https://t.co/3AGWq2v6JQ
ECB Vice President Luis de Guindos says any talk of lowering borrowing costs in the coming months is too early, citing continued upside risks to inflation https://t.co/yquntxFoU9
🇪🇺 ECB still sees inflation risks so rate cut talk too early - vice president **WE HAVE TO BE PRUDENT AND CAUTIOUS, AS THERE ARE SOME RISKS AROUND THE OUTLOOK FOR INFLATION OVER THE NEXT FEW MONTHS **LEADING INDICATORS POINT TO THE GROWTH OUTLOOK BEING SOMEWHAT MORE NEGATIVE… https://t.co/zj3LF5V24o https://t.co/T6weqKg2ec
🔴 ECB'S DE GUINDOS: THE TALK OF RATE CUTS IS "CLEARLY PREMATURE".
🔴 ECB'S DE GUINDOS: I SEE RISKS FOR THE INFLATION OUTLOOK IN THE NEXT MONTHS.
🔴 ECB'S DE GUINDOS, ON REDUCING INTEREST RATES: WE ARE NOT THERE YET.
Some Bank of Canada officials argued at their last meeting that borrowing costs would need to rise to bring inflation to heel, but they agreed to be "patient." https://t.co/s7GtXLKSLk
European central bankers pushed back on market wagers for speedy rate cuts, warning the most difficult stretch may still lie ahead https://t.co/Opht2I7tuI
European central bankers pushed back on market wagers for speedy rate cuts, warning the most difficult stretch may still lie ahead https://t.co/7dZJCiUTmD
Some Bank of Canada officials argued at their last meeting that borrowing costs would need to rise to bring inflation to heel, but they agreed to be "patient." https://t.co/vKq3WQ2H2W
Bank of Canada governing council split on whether interest rates may need to move higher https://t.co/punGn2r7zx https://t.co/rsudshdYAJ