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The European Central Bank (ECB) is facing pressure on inflation due to lively wage growth and decreasing labor supply, according to ECB's Nagel. Nagel also mentioned that there are risks that the inflation outlook could turn out higher than expected. ECB's Lane stated that although there is some progress on underlying inflation, it is not enough. ECB's Makhlouf emphasized that it is too early to start talking about cutting rates. ECB's Kazaks mentioned that further rate hikes may be needed. ECB's Wunsch stated that risks are tilted towards higher inflation and growth risks are tilted to the downside. ECB's Villeroy noted that inflation is clearly trending downward. ECB's De Guindos stated that any talk of rate cuts is premature and there are risks for the inflation outlook in the next months. ECB's Vujcic and Centeno also mentioned that it is too early to consider rate cuts and monetary policy is working to help inflation come down.
The ECB can engineer a return to price stability without too much of a hit to the economy, according to Governing Council member Boris Vujcic https://t.co/Of37V84Dr2
🔴 ECB'S CENTENO: MONETARY POLICY IS WORKING, WHICH IS HELPING INFLATION TO COME DOWN.
🔴 ECB'S CENTENO: WE'RE AT A PLATEAU IN TERMS OF INTEREST RATES.
ECB still sees inflation risks so rate cut talk too early - vice president - Reuters https://t.co/LjuFkrWjQe
The ECB can engineer a return to price stability without too much of a hit to the economy, according to Governing Council member Boris Vujcic https://t.co/05noODxEWV
🔴 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
The ECB is done with interest-rate increases unless it has to deal with any more shocks, Governing Council member Francois Villeroy de Galhau says https://t.co/1CURalLuIQ
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
The ECB is done with interest-rate increases unless it has to deal with any more shocks, Governing Council member Francois Villeroy de Galhau says https://t.co/hXOrZrFH9z
The ECB is done with interest-rate increases unless it has to deal with any more shocks, Governing Council member Francois Villeroy de Galhau says https://t.co/etLMDxjRar
🇪🇺 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 VILLEROY: INFLATION IS CLEARLY TRENDING DOWNWARD.
🔴 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.
It’s premature for the ECB to discuss lowering borrowing costs, according to Governing Council member Gabriel Makhlouf https://t.co/RB2nZ5em6R
🔴 ECB’S MAKHLOUF: CORE INFLATION REMAINS A CHALLENGE BUT ITS A MUCH, MUCH BETTER PICTURE.
🔴 ECB'S NAGEL: I HAVE NO INDICATION THAT INFLATION IS COMING DOWN TO A LEVEL THAT I WOULD EVEN BE WILLING TO TALK ABOUT RATE CUTS AT.
🔴 ECB'S NAGEL: WITH INFLATION SO HIGH, RATE-CUT TALK DOESN'T HELP.
🔴 ECB'S NAGEL: I DON'T LIKE THIS TALK OF WHEN WILL WE CUT RATES.
🔴 ECB'S NAGEL: THE DISCUSSION ON WHEN INTEREST RATES CAN BE CUT IS NOT HELPFUL; IT IS MUCH, MUCH TOO EARLY.
🇪🇺 ECB'S NAGEL: **DISCUSSION ON WHEN INTEREST RATES CAN BE CUT IS NOT HELPFUL, IT IS MUCH, MUCH TOO EARLY
🔴 ECB'S NAGEL: THE LAST STRETCH BEFORE WE REACH OUR INFLATION TARGET MIGHT WELL BE THE HARDEST.
It’s premature for the ECB to discuss lowering borrowing costs, according to Governing Council member Gabriel Makhlouf https://t.co/DfLUCx7Krd
It’s premature for the ECB to discuss lowering borrowing costs, according to Governing Council member Gabriel Makhlouf https://t.co/wXa7xPOVLs
🔴 ECB’S MAKHLOUF: I DO NOT KNOW IF WE ARE GOING BACK TO A WORLD OF LOW RATES, THERE ARE TOO MANY VARIABLES.
🔴 ECB’S MAKHLOUF: IT'S ALSO TOO EARLY TOO DECLARE THAT WE HAVE REACHED THE TOP OF THE LADDER ON INTEREST RATES.
🔴 ECB’S MAKHLOUF: IT'S FAR, FAR TOO EARLY TO START TALKING ABOUT WHEN WE ARE GOING TO START CUTTING RATES.
🇪🇺 ECB'S MAKHLOUF: **TOO EARLY TOO DECLARE THAT WE HAVE REACHED THE TOP OF THE LADDER ON INTEREST RATES
🔴 ECB'S KAZAKS: WE CAN'T EXCLUDE THE POSSIBILITY THAT FURTHER RATE HIKES MAY BE NEEDED.
🔴 ECB’S MAKHLOUF: A LARGE PART OF MONETARY TIGHTENING HAS YET TO BE PASSED THROUGH, WHILE SOME RISKS ARE FADING, NEW RISKS ARE EMERGING.
🔴 ECB'S WUNSCH: GETTING TO 2% INFLATION IN 2025 IS STILL A LONG WAY.
🔴 ECB'S WUNSCH: WE ARE ENTERING SOME FORM OF STAGFLATION.
🔴 ECB'S WUNSCH: GROWTH RISKS ARE TILTED TO THE DOWNSIDE.
🔴 ECB'S WUNSCH: RISKS ARE TILTED TOWARDS HIGHER INFLATION.
🔴 ECB'S WUNSCH: INFLATION HAS BEEN FALLING RAPIDLY.
🔴 ECB'S WUNSCH: RATE TIGHTENING HAS BEEN DOING ITS JOB.
🔴 ECB'S WUNSCH: WE'RE SET FOR A SOFT LANDING IN THE SHORT TERM.
🔴 ECB’S MAKHLOUF: THE ECONOMY AND FINANCIAL SYSTEM ARE STILL ADJUSTING TO THE CHANGE IN INTEREST RATES BY CENTRAL BANKS.
🔴 ECB’S LANE: WE ARE SEEING SOME PROGRESS ON UNDERLYING INFLATION BUT NOT ENOUGH.
🔴 ECB’S LANE: WE SHOULDN'T TAKE A LOT OF COMFORT FROM INFLATION AT 2.9%.
⚠️ ECB MUST BE 'VIGILANT' AS INFLATION MAY SURPRISE, NAGEL SAYS Full Story → https://t.co/QyJ0WTBITI The European Central Bank must remain "vigilant" because inflation in the euro zone may still come in higher than expected, fuelled by wage growth and shrinking labour supply,… https://t.co/wlMIYedgqy https://t.co/qXxaiXTCZP
🔴 ECB'S NAGEL: LIVELY WAGE GROWTH, DECREASING LABOUR SUPPLY WILL KEEP UP PRESSURE ON INFLATION.
🔴 ECB'S NAGEL: WE STILL FACE RISKS THAT INFLATION OUTLOOK COULD TURN OUT HIGHER THAN EXPECTED.