European Central Bank (ECB) officials, including Philip Lane, Joachim Nagel, and Robert Holzmann, have stated that interest rate cuts are not a near-term topic for debate due to high inflation. Nagel and Holzmann emphasized that discussions on rate cuts are premature, with Holzmann warning against counting on rate cuts in 2024. However, ECB's Villeroy expressed a different view, stating that the next move should be a rate cut, albeit not driven by the calendar but by data and inflation. The ECB is cautious about undershooting on inflation and is focused on achieving a sustainable trajectory before considering rate cuts. The market is divided, with some expecting rate cuts in the first half of the year and others being less optimistic.
INTERVIEW #ECB Mustn’t Undershoot Its 2% Inflation Target, Centeno Warns https://t.co/jQuXk0eGM2 @aspeciale @joaomlima1 @markschroers #Switzerland #WEF2024
💡 ECB’s Villeroy: Must Be Patient to Ensure We Hit Inflation Target - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/HtXPGLU3s5
🔴 ECB'S SIMKUS: I AM FAR LESS OPTIMISTIC THAN MARKETS ON RATE CUTS.
🔴 ECB'S SIMKUS: INTEREST-RATE CUTS MAY BEGIN AROUND THE SUMMER.
💡 ECB’s Centeno: Don’t Need 2% Spot Inflation to Cut Interest Rates, Trajectory Matters Most - @EconoStream on https://t.co/orvmA6WYlS Full Story → https://t.co/jmZT2jJ79a
ECB mustn’t undershoot its 2% inflation target, Centeno warns https://t.co/fxoA6rc9ju via @aspeciale @joaomlima1 https://t.co/1BmmoMw7gp
🔴 ECB’S CENTENO: THE INFLATION TRAJECTORY IS GOOD.
🔴 ECB'S CENTENO: WE SHOULD DEFINITELY AVOID UNDERSHOOTING ON INFLATION.
🇩🇪🇪🇺 Will be fun if the ECB let down Germany. "This is because now more than half of the respondents assume that the ECB will make interest rate cuts in the first half of the year." https://t.co/HQ8dqbiJzj
ECB's Villeroy: no rush to cut rates, we should be patient - Reuters https://t.co/oqzaev2S5t
ECB’s Nagel: Still Have A Way To Go On Inflation - Need To Wait For Data To Decide On Policy - Discussion On Rate Cuts Comes Too Soon
🔴 ECB'S NAGEL: TALK ABOUT RATE CUTS COMES TOO SOON.
🔴 ECB'S NAGEL: WE STILL HAVE WAY TO GO ON INFLATION. WE NEED TO WAIT FOR DATA TO DECIDE ON POLICY.
ECB rate cut is very probable this year but the timing is open, Villeroy says https://t.co/fS8wwfHuEN via @WHorobin https://t.co/rYcY01SWD1
⚠️ ECB'S VILLEROY: NO RUSH TO CUT RATES, WE SHOULD BE PATIENT (Reuters) Even though the next move of the European Central Bank (ECB) will likely be an interest rate cut, there is no rush to do this and the ECB is prepared to be patient, said ECB member and Bank of France… https://t.co/6FZFRKSfkh
🔴 ECB'S VILLEROY: THE ECB IS A BIT MORE PATIENT THAN MARKETS ON RATE CUTS.
⚠️ ECB MUST NOT JUMP THE GUN WITH RATE CUTS, FINLAND'S VALIMAKI SAYS (Reuters) The European Central Bank is making progress in lowering inflation to 2% but needs more evidence before rate cuts come on the agenda and policymakers should wait "a bit longer" rather than move… https://t.co/mAairAtbid
🔴 ECB'S VILLEROY: THERE IS NO HASTE REGARDING ANY RATE CUT DECISION, AND WE SHOULD BE PATIENT.
🔴 ECB'S VILLEROY: WE MUST HAVE SOLID INFLATION OUTLOOK OF AROUND 2% IF WE DECIDE ON A RATE CUT.
🔴 ECB'S VILLEROY REITERATES NEXT ECB MOVE WILL BE RATE CUT, AND SHOULD HAPPEN THIS YEAR BARRING SURPRISES.
🔴 ECB'S VILLEROY: IT'S TOO EARLY TO DECLARE VICTORY OVER INFLATION. ECB ACHIEVED A SOFT LANDING AND NO RECESSION IN EUROPE.
🔴 ZEW: ECONOMIC EXPECTATIONS FOR GERMANY HAVE IMPROVED AGAIN. THIS IS BECAUSE NOW MORE THAN HALF OF THE RESPONDENTS ASSUME THAT THE ECB WILL CUT RATES IN THE FIRST HALF OF THE YEAR.
🔴 ECB'S VALIMAKI: RESTRICTIVE MONETARY POLICY IS STILL CALLED FOR.
🔴 ECB'S CENTENO: INFLATION TRAJECTORY IS VERY POSITIVE AT THE MOMENT.
🔴 ECB'S VALIMAKI: INFLATION IS ON THE RIGHT TRACK BUT THE JOB ISN'T FINISHED SO RESTRICTIVE MONETARY POLICY STILL NEEDED.
🔴 ECB'S VALIMAKI: WE CAN'T JUMP THE GUN ON RATE CUTS. IT'S BETTER TO WAIT A BIT LONGER THAN EXIT PREMATURELY.
ECB’s Valimaki: Inflation On Right Track But Job Not Done So Restrictive Monetary Policy Still Called For - Must Not Jump Gun On Rate Cuts, Better To Wait A Bit Longer Than Exit Prematurely - Soft Landing For Economy Still The Baseline But Risks Tilted Towards Downside
🔴 ECB'S CENTENO: Q1 GROWTH COULD REMAIN AROUND ZERO.
ECB's Villeroy: next move is a rate cut but date is open question https://t.co/xq845oTVbp https://t.co/FxfofMev3W
🔴 ECB'S CENTENO: INFLATION IS COMING DOWN SUSTAINABLY. WE SHOULDN'T BE WORRIED ABOUT A RESURGENCE OF REAL WAGES.
ECB’s Centeno To GMF: Inflation Is Coming Down Sustainably; Should Not Be Worried About Resurgence Of Real Wages
🔴 ECB'S CENTENO: WE NEED TO BE PREPARED FOR ALL TOPICS, INCLUDING RATE CUTS.
🔴 ECB'S VILLEROY: OUR COMPASS IS INFLATION, OBVIOUSLY.
🔴 ECB'S VILLEROY: WE'RE NOT CALENDAR DRIVEN, WE'RE DATA DRIVEN.
🔴 ECB'S VILLEROY: I WON'T COMMENT ON THE SEASON FOR THE ECB RATE CUT.
🔴 ECB'S VILLEROY: OUR NEXT MOVE SHOULD BE A CUT, THIS YEAR.
🔴 ECB'S VILLEROY: RATES SHOULDN'T BE HIGHER THAN TODAY.
ECB’s Villeroy: Rates Shouldn’t Be Higher Than Today
ECB’s Villeroy: Too Early To Declare Victory Over Inflation - We Can See Soft Landing On Both Sides Of The Atlantic
Possible there will be no rate cuts this year, #ECB member says The European Central Bank may defy market expectations and hold off on interest rate cuts during the whole of 2024, the institution’s Governing Council said member Robert Holzmann $QQQ $SPY https://t.co/YIIFUYwN5m
INTERVIEW #ECB’s Holzmann Warns Rate Cuts Aren’t Guaranteed This Year https://t.co/XDBNI55v7Y @aspeciale #Switzerland #WEF2024
ECB's Nagel says too early to discuss cutting rates https://t.co/nyJxMcyXhp https://t.co/UPMYH36nJC
JUST IN: “We should not talk about cuts yet. Everything we have seen in recent weeks points in the opposite direction, so I may even foresee no cut at all this year,” says 🇪🇺 EU Central Bank Governing Council member Robert Holzmann 👀 https://t.co/LzmnS3yrBf
Joachim Nagel joins a growing group of colleagues who are open to considering lowering ECB interest rates this summer — suggesting the euro zone’s economic tides are starting to turn https://t.co/L88YxigaNp
ECB’s Nagel falls in line with rate-setters open to a summer cut https://t.co/SsCwTrYtgJ via @jrandow @aspeciale https://t.co/v3iI1J0g3g
ECB’s Holzmann (HAWK) Warns Rate Cuts Aren’t Guaranteed This Year "Threats stemming from lingering inflation will prevent the European Central Bank from lowering interest rates AT ALL this year — even as a recession can no longer be ruled out, according to Governing Council…
💡 ECB’s Nagel: Should Wait for New Data; Maybe We Can Wait for Summer Break - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/uBO8ZNVOKh
ECB'S HOLZMANN: SHOULDN'T COUNT ON RATE CUTS AT ALL IN 2024 The market: you mean no cuts after the first six ? https://t.co/CSgo4Y0xkC
⚠️ ECB'S NAGEL SAYS TOO EARLY TO DISCUSS CUTTING RATES (Reuters) It is too early for the European Central Bank to discuss cutting interest rates because inflation remains high, ECB policymaker Joachim Nagel said on Monday. The Bundesbank president, a policy hawk who favours… https://t.co/h0JSAj9Qwo
BREAKING: European Central Bank member Holzmann says it's possible we see "no rate cuts at all in 2024." When he was asked about growing calls for rate cuts, he said "those people will be very disappointed." Meanwhile, headline inflation in the US just jumped to 3.4% and in… https://t.co/5hQ7cKp78k
ECB’s Nagel says rate cuts can ‘maybe’ wait for the summer break https://t.co/daWYm4Tpga via @flacqua @jrandow https://t.co/sCcBLkdgsp
🔴 ECB'S HOLZMANN: IT'S POSSIBLE THERE WILL BE NO RATE CUT THIS YEAR - CNBC. https://t.co/XpmXsYRF4J
*ECB'S HOLZMANN: SHOULDN'T COUNT ON RATE CUTS AT ALL IN 2024
ECB’s Holzmann warns no one should count on a rate cuts this year https://t.co/cAIMkYePf8 via @jrandow @aspeciale https://t.co/hna2siJRqF
ECB’s Holzmann: Rate-Cut Expectations Are Optimistic - Geopolitical Events Pose Risk To Prices - Doesn’t See ‘A Real Recession’ Coming, Barring Shocks - Sees No Reason Now To Talk About Rate Cut
Threats stemming from lingering inflation will prevent the ECB from lowering interest rates this year — even as a recession can no longer be ruled out, according to Governing Council member Robert Holzmann https://t.co/Hvjkf3FjvD
🔴 ECB'S HOLZMANN: I DON'T SEE A REAL RECESSION COMING, EXCLUDING SHOCKS.
ECB’s Holzmann: Shouldn’t Count On Rate Cuts At All In 2024
🔴 ECB'S HOLZMANN: WE SHOULDN'T COUNT ON RATE CUTS AT ALL IN 2024.
ECB’s Nagel: Too Early To Talk About Rate Cuts - BBG TV - Inflation Is Still Too High - Markets Are Sometimes ‘Over-Optimistic’ - ECB To Decide Meeting By Meeting Based On Data - ‘Maybe We Can Wait For Summer Break’ Before Mulling Cuts
🔴 ECB'S NAGEL: TALKS ABOUT INTEREST RATE CUTS ARE COMING TOO EARLY.
🔴 ECB'S NAGEL: MAYBE WE CAN WAIT FOR SUMMER BREAK BEFORE CONTEMPLATING RATE CUTS.
🔴 ECB'S NAGEL: INFLATION IS STILL TOO HIGH.
🔴 ECB'S NAGEL: IT'S TOO EARLY TO DISCUSS RATE CUTS.
⚠️ ECB RATE CUTS NOT A NEAR-TERM TOPIC, LANE SAYS (Reuters) Recent inflation data broadly confirmed current thinking at the European Central Bank, meaning interest rate cuts are not a near-term topic of debate, chief ECB economist Philip Lane said on Friday. Euro zone… https://t.co/SlYTC3FSv8
🔴 ECB'S LANE: RATE CUTS AREN'T A TOPIC FOR THE NEAR TERM.