The European Central Bank (ECB) has announced a pause in interest-rate hikes, giving Italy some breathing room. Governing Council member Boris Vujcic stated that the ECB is done with interest-rate increases for the time being. However, ECB Governing Council member Peter Kazimir cautioned that it is too early to call an end to rate hikes and that bets on rate cuts happening in the first half of next year are misplaced. Kazimir also mentioned that the ECB will have to stay at the peak for the next few quarters. Meanwhile, ECB Vice-Chairman stated that further rate hikes may be needed. European bond bulls are counting on slowing inflation to reinforce their view that a downturn is on the way.
ECB Governing Council member Peter Kazimir says investor wagers on reductions in borrowing costs before mid-2024 are unrealistic https://t.co/gL240PDc6f
🔴 ECB'S SIMKUS: INFLATION IS STILL TOO HIGH, TALKS OF CUTS ARE PREMATURE.
🔴 ECB'S SIMKUS: THERE IS NO NEED FOR MORE HIKES NOW, IN THE FUTURE WE'LL SEE.
⚠️ ECB'S KAZIMIR: TOO EARLY TO CALL END OF RATE HIKES, BET ON CUTS Full Story → https://t.co/5uCKYe2g5j
🔴 ECB'S KAZIMIR: WE WON'T BE ABLE TO SAY HIKES ARE OVER BEFORE MARCH.
🔴 ECB'S KAZIMIR: WE WILL HAVE TO STAY AT THE PEAK FOR THE NEXT FEW QUARTERS, BETS ON RATE CUTS HAPPENING ALREADY IN THE FIRST HALF OF NEXT YEAR ARE ENTIRELY MISPLACED.
The ECB is done with interest-rate increases for the time being, Governing Council member Boris Vujcic said https://t.co/yoLGg23Hjk
The ECB is done with interest-rate increases for the time being, Governing Council member Boris Vujcic said https://t.co/5wwiZkzFK0
ECB'S VUJCIC: WE HELD RATES AS WE HAVE HIKED ADEQUATELY.
ECB'S VUJCIC: 2% INFLATION ATTAINABLE BY 2025.
The ECB is done with interest-rate increases for the time being, Governing Council member Boris Vujcic said https://t.co/fXrwFEOlIG
European bond bulls are counting on slowing inflation to reinforce their view that a downturn is on the way https://t.co/DKf9R4nxvT
European bond bulls are counting on slowing inflation to reinforce their view that a downturn is on the way https://t.co/saMZgIIMTq
European bond bulls are counting on slowing inflation to reinforce their view that a downturn is on the way https://t.co/DAIWLE2EnA
The ECB's first pause in interest-rate hikes since June 2022 gives Italy some breathing room https://t.co/o0VtrZ7xXg
⚠️ SNB VICE-CHAIRMAN SAYS FURTHER RATE HIKES MAY BE NEEDED Full Story → https://t.co/8dOLUYcoXC