European Central Bank (ECB) officials, including Nagel, Cipollone, Centeno, and Simkus, have indicated the likelihood of rate cuts in June, with Nagel mentioning continued price pressures in the Eurozone. Centeno suggested multiple rate cuts this year, with the first in June being very likely. Simkus forecasted three or four rate cuts in 2024, with quarterly projections guiding the decisions. Economists predict ECB rate cuts of 75 basis points or less in 2024, with the first cut expected in June.
💡 Exclusive: ECB’s Centeno: Total Rate Cuts This Year Could Exceed 100BP - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/6Lge9HYJT8
⚠️A new ECB exclusive just out from @Econostream. The gist of the story is: Exclusive: ECB’s Centeno: Total Rate Cuts This Year Could Exceed 100BP - Centeno: Will still be in restrictive territory even after easing by 100bp - Centeno: 2% interest rate target a good benchmark… https://t.co/50uJNivYaD
ECB Update - ECB's Centeno: ECB cuts this year could exceed 100 bps. - Waiting too long to change policy stance might require more aggressive rate reductions. - A 2% interest rate target is a good benchmark. - The ECB is to cut rates first in June - 91 of 97 economists; 6… https://t.co/i3vfmlslXs
ECB'S CENTENO: WAITING TOO LONG TO CHANGE POLICY STANCE MIGHT REQUIRE MORE AGGRESSIVE RATE REDUCTIONS.
ECB'S CENTENO: DOWNWARD REVISIONS TO INFLATION AND ECONOMIC ACTIVITY ARE OF ADDITIONAL CONCERN.
🇪🇺 ECB'S CENTENO: EUROPEAN CENTRAL BANK CUTS THIS YEAR COULD EXCEED 100 BPS 🇪🇺 ECB'S CENTENO: WE WILL STILL BE IN RESTRICTIVE TERRITORY EVEN AFTER EASING BY 100BPS
ECB'S CENTENO: WE WILL STILL BE IN RESTRICTIVE TERRITORY EVEN AFTER EASING BY 100BPS.
ECB'S CENTENO: ECB CUTS THIS YEAR COULD EXCEED 100 BPS.
*ECB CUTS THIS YEAR COULD EXCEED 100 BPS: CENTENO TO ECONOSTREAM
ECB CUTS THIS YEAR COULD EXCEED 100 BPS: CENTENO TO ECONOSTREAM
⚠️ JUNE ECB RATE CUT FIRMLY IN PLAY; BUT SLOWER EASING NOW EXPECTED:REUTERS POLL Full Story → https://t.co/ePfnKRt00y The European Central Bank will cut its deposit rate in June, three months earlier than an expected move by the U.S. Federal Reserve, and then twice more this… https://t.co/sAqvdyjtHE
🔴 POLL: THE EUROPEAN CENTRAL BANK ARE TO CUT RATES BY 75 BPS OR LESS IN 2024, SAID 59 OF 97 ECONOMISTS; 38 SAID 100 BPS OR MORE.
REUTERS POLL-EUROPEAN CENTRAL BANK TO CUT RATES BY 75 BPS OR LESS IN 2024, SAID 59 OF 97 ECONOMISTS; 38 SAID 100 BPS OR MORE
🔴 THE ECB IS TO CUT RATES FIRST IN JUNE - 91 OF 97 ECONOMISTS; 6 SAID IN Q3.
ECB'S WUNSCH: THE ECB DECISIONS WILL GET HARDER AFTER TWO RATE CUTS.
ECB could make back-to-back summer rate cuts, Simkus says https://t.co/Tj5ZhmAD9W via @weberalexander https://t.co/JQWk22UIUv
ECB Could Make Back-to-Back Summer Rate Cuts, Simkus Says - BBG https://t.co/xjuprBrzTa
ECB'S SIMKUS: THREE OR FOUR RATE CUTS ARE POSSIBLE THIS YEAR.
ECB'S SIMKUS: QUARTERLY PROJECTIONS WILL FORM BASIS FOR CUTS.
ECB's Simkus says several interest rate cuts are most likely https://t.co/z3MHcAPXxg https://t.co/w7vQuvpbkJ
ECB'S SIMKUS: MOST LIKELY WE'LL HAVE SEVERAL CUTS BUT WE DON'T HAVE TO BE PRECISE, WE'RE NOT IN A RUSH.
ECB'S SIMKUS:MOST LIKELY WE'LL HAVE SEVERA CUTS BUT WE DON'T HAVE TO BE PRECISE, WE'RE NOT IN A RUSH
💡 ECB’s Centeno: Inflation Bumpiness a Non-Argument; Can't Take Resilience of Job Markets for Granted - @EconoStream on https://t.co/orvmA6WYlS Full Story → https://t.co/0tOrl7cXTe
REUTERS POLL-FEDERAL RESERVE TO CUT RATES BY 50 BASIS POINTS IN 2024, SAY 50 OF 100 ECONOMISTS; 34 SAY BY MORE THAN 50 BPS; FOUR SAY NO CUTS
ECB'S SIMKUS: I SEE ABOUT THREE RATE CUTS THIS YEAR IN MY BASELINE.
ECB'S SIMKUS: ONLY A HUGE SURPRISE WOULD DERAIL A JUNE CUT. - CNBC
ECB'S NAGEL: I SEE A CAUTIOUS SLIDE IN RATES AFTER JUNE.
ECB'S NAGEL: WHILE A FIRST RATE CUT IN JUNE MAY BE APPROPRIATE, DISCUSSIONS ON WHAT HAPPENS AFTER JUNE ARE PREMATURE.
ECB’s Nagel says a June rate cut is now more probable, but he still sees caveats https://t.co/qxivXM5oOF https://t.co/yaL6DSXfFy
⚠️ ECB'S CENTENO SAYS POLICY WOULD BE TIGHT EVEN AFTER TWO RATE CUTS Full Story → https://t.co/dfLHW35UC9 The European Central Bank would be putting a dampener on the economy even after cutting interest rates twice, but there is no rush to slash borrowing costs, ECB… https://t.co/3PKfiG9NXl
ECB June rate cut looks increasingly likely — but there are 'still some caveats,' German central bank chief says https://t.co/yurs1jzOA4
ECB'S NAGEL: THE PROBABILITY OF ECB JUNE RATE CUT IS INCREASING - CNBC.
ECB'S NAGEL: I STILL SEE SOME CAVEATS TO A JUNE RATE CUT.
ECB'S CENTENO: AFTER JUNE WE'LL LOOK AT DATA, ESPECIALLY GROWTH AND EMPLOYMENT ECB'S CENTENO: AFTER JUNE WE'LL LOOK AT DATA, ESPECIALLY GROWTH AND EMPLOYMENT ECB'S CENTENO: EVEN AFTER 25 OR 50 BASIS POINTS OF CUTS WE’LL STILL HAVE A TIGHT MONETARY POLICY STANCE
ECB'S CENTENO: IF WE HAVE TO CUT RATES BEFORE FED, SO BE IT ECB'S CENTENO: NUMBER OF CUTS WILL DEPEND ON INCOMING DATA ECB'S CENTENO: FIRST CUT IN JUNE IS AT THIS POINT VERY LIKELY
ECB'S CENTENO: EVEN AFTER 25 OR 50 BASIS POINTS OF CUTS, WE’LL STILL HAVE A TIGHT MONETARY POLICY STANCE.
ECB'S CENTENO: FIRST CUT IN JUNE IS AT THIS POINT VERY LIKELY.
ECB'S CENTENO: IF WE HAVE TO CUT RATES BEFORE THE FED, SO BE IT.
ECB'S CENTENO: SEVERAL RATE CUTS ARE POSSIBLE IN THE COURSE OF THE YEAR.
💡 ECB’s Cipollone: Should Ease Monetary Policy if Data Confirm 2% Target to be Reached - @EconoStream on https://t.co/orvmA6WYlS Full Story → https://t.co/L5v82aGHV8
ECB’s Nagel: Likelihood Of Rate Cut In June Has Increased - WiWo - Could See Price Pressure In Eurozone Continue For Some Time - Not Completely Clear If Inflation Will Reach 2% Target Next Year And Stay At This Level
🇪🇺 #ECB'S NAGEL: LIKELIHOOD OF A JUNE CUT HAS INCREASED: WIWO - BBG *ECB'S NAGEL: OIL PRICE, WAGE DEVELOPMENTS AMONG RISKS
ECB'S NAGEL: THE LIKELIHOOD OF A JUNE CUT HAS INCREASED.
ECB'S NAGEL: PRICE PRESSURES IN THE EUROZONE COULD CONTINUE FOR SOME TIME.