The European Central Bank (ECB) President Lagarde stated that the financial stability outlook remains fragile, and there were no discussions of rate cuts at the recent meeting. Lagarde also mentioned that upside risks to inflation include geopolitical tensions and that the inflation path is flatter than before. The ECB forecasts 2024 inflation at 2.7%, down from the prior forecast of 3.2%. Additionally, the ECB projects inflation to average 5.4% in 2023, 2.7% in 2024, 2.1% in 2025, and 1.9% in 2026. The ECB has left interest rates unchanged and expects inflation to decline gradually over the next year before approaching the 2% target in 2025. The ECB's Villaroy stated that the next policy move should be a lowering of rates, and the Bank of France projected inflation to slow to 1.8% in 2025.
🔴 ECB'S KAZAKS: I'M NOT AS OPTIMISTIC AS MARKETS ON THE FIRST CUT TIMING.
🔴 BANK OF SPAIN SEES EU-HARMONISED INFLATION AT 2% IN 2025, 1.9% IN 2026.
🔴 ECB'S KAZAKS: RATES NEED TO STAY AT THE CURRENT LEVEL FOR SOME TIME.
🔴 ECB'S KAZAKS: IT IS TOO SOON TO DECLARE VICTORY OVER INFLATION.
🔴 ECB'S VUJCIC: ONLY A MUCH FASTER INFLATION DROP JUSTIFIES ECB CUT BETS.
Villeroy says the ECB should cut rates in 2024 after plateau https://t.co/9xxVumlY7T via @whorobin https://t.co/qqXJ0Stklk
🔴 ECB'S VILLEROY: CUTTING RATES TOO SOON WOULD RISK INFLATION RETURNING.
ECB’s Villeroy: we will not raise interest rates anymore.
🔴 ECB'S VILLEROY: THE LOWERING OF INTEREST RATES SHOULD HAPPEN "SOME TIME" IN 2024.
🔴 ECB'S VILLEROY: WE WILL NOT RAISE INTEREST RATES ANYMORE.
🔴 ECB'S VILLEROY: STARTING FROM NOW, WAGES WILL INCREASE FASTER THAN PRICES.
🔴 ECB'S VILLEROY: WE WILL BE ABLE TO LOWER INTEREST RATES.
🔴 ECB'S VILLEROY: INFLATION WILL BE AT 2% BY THE END OF 2025.
🔴 BANK OF FRANCE: INFLATION IS TO SLOW TO 1.8% IN 2025.
🔴 ECB'S KAZIMIR: INFLATION SLOWDOWN ISN'T ENOUGH TO DECLARE VICTORY.
🇪🇺 ECB'S KAZIMIR: PREMATURE EASING WORSE THAN HOLDING TOO LONG 🇪🇺 ECB'S KAZIMIR: INFLATION SLOWDOWN NOT ENOUGH TO DECLARE VICTORY
🔴 ECB'S KAZIMIR: I'M MORE AND MORE CONFIDENT INFLATION WILL HIT 2% IN 2025.
🔴 ECB'S NAGEL: IT IS TOO EARLY TO CONSIDER ECB RATE CUTS.
💡 ECB’s Villeroy: ‘Barring Surprises, No More Rate Hikes’ - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/SuxhTm5lna
🔴 ECB'S CENTENO: INFLATION HAS BEEN DECLINING FASTER THAN IT ROSE.
🔴 ECB'S HOLZMANN: THERE WERE NO TALKS ABOUT RATE CUTS.
🔴 ECB'S VILLEROY: THE NEXT POLICY MOVE SHOULD BE A LOWERING OF RATES "UNLESS THERE ARE SURPRISES".
🔴 ECB'S VILLEROY: 2.1% INFLATION EXPECTATION FOR 2025 WILL "ALSO BE THE CASE FOR FRANCE".
🔴 ECB'S VILLEROY: NOBODY SUGGESTED RATE CUTS AT THE LAST MEETING.
🔴 ECB'S VILLEROY: THE ECB WILL GET INFLATION BACK TOWARD 2% BY 2025.
🔴 ECB'S VILLEROY: RATE HIKES ARE OVER, BARRING SURPRISES.
🔴 ECB'S MULLER: THERE IS NO REASON TO CONSIDER NEAR-TERM ECB RATE CUTS OR HIKES.
🔴 ECB'S MULLER: WE HAVEN'T YET HAD THE DISCUSSION ON RATE CUTS.
🔴 ECB'S MULLER: MARKETS EXPECTATIONS ON CUTS ARE A BIT PREMATURE.
WATCH: ECB leaves rates unchanged, pushes back against bets on cuts in the near future https://t.co/IYs8vBim6g https://t.co/odvqqH4ZsQ
WATCH - 'We did not discuss rate cuts at all': European Central Bank leaves interest rates unchanged https://t.co/IYs8vBim6g https://t.co/OSsnNdi2t9
'We did not discuss rate cuts at all': European Central Bank leaves interest rates unchanged https://t.co/mzGKzdvMKi https://t.co/uND6DiWhUQ
WATCH: European Central Bank leaves interest rates unchanged at 4% https://t.co/IYs8vBhOgI https://t.co/TXbXx8JDrP
🔴 ECB FORECASTS SHOW INFLATION AT 2% IN 3Q/2025.
No Discussion Of Rate Cuts At Meeting-ECB's Lagarde https://t.co/sLM4aJUVuD
“No discussion, no debate on this issue" President Christine Lagarde says the ECB did not discuss rate cuts at its policy meeting https://t.co/L09ThJELsI https://t.co/THCoSBZrCQ
🔴 ECB'S PRESIDENT LAGARDE: WE DON'T HAVE A RECESSION IN OUR BASELINE.
🔴 ECB'S PRESIDENT LAGARDE: WE DON'T THINK IT'S TIME TO LOWER GUARD, THERE'S STILL WORK TO BE DONE. THIS CAN TAKE FORM OF HOLDING RATES.
🇪🇺 LAGARDE: WE DID NOT DISCUSS RATE CUTS AT ALL
🔴 ECB'S PRESIDENT LAGARDE: BETWEEN HIKES AND CUTS, THERE IS A PLATEAU OF HOLD.
🔴 ECB'S PRESIDENT LAGARDE: WE DID NOT DISCUSS RATE CUTS.
🔴 ECB'S PRESIDENT LAGARDE: DOMESTIC INFLATION IS HARDLY BUDGING.
🔴 ECB'S PRESIDENT LAGARDE: A LOT OF INDICATORS SHOWING UNDERLYING INFLATION BELOW EXPECTATIONS.
🔴 ECB'S PRESIDENT LAGARDE: THE INFLATION PATH IS FLATTER THAN BEFORE, LOWERS RISK OF EXPECTATIONS DE-ANCHORING.
🔴 ECB'S PRESIDENT LAGARDE: THE FINANCIAL STABILITY OUTLOOK REMAINS FRAGILE.
🔴 ECB'S PRESIDENT LAGARDE: INFLATION MAY SURPRISE ON DOWNSIDE IF MONETARY POLICY DEPRESSES ACTIVITY MORE THAN EXPECTED.
🔴 ECB'S PRESIDENT LAGARDE: UPSIDE RISKS TO INFLATION INCLUDE GEOPOLITICAL TENSIONS.
🔴 ECB'S PRESIDENT LAGARDE: RISKS TO GROWTH ARE SKEWED TO THE DOWNSIDE.
🔴 ECB'S PRESIDENT LAGARDE: MOST MEASURES OF LONGER-TERM INFLATION EXPECTATIONS CURRENTLY STAND AT AROUND 2%.
🔴 ECB'S PRESIDENT LAGARDE: IN DECEMBER, INFLATION LIKELY TO PICK UP. INFLATION IS TO DECLINE MORE SLOWLY IN 2024.
🔴 ECB'S PRESIDENT LAGARDE: THE INFLATION DECLINE WAS BROAD-BASED.
🔴 ECB'S PRESIDENT LAGARDE: TIGHTER FINANCING CONDITIONS ARE TO WEIGH ON THE ECONOMY.
Breaking news: The European Central Bank has left interest rates unchanged and given few indications of when it might start to cut borrowing costs https://t.co/qYGcT3Zy1A https://t.co/1bHoUBh2vq
🇪🇺 ECB FORECASTS 2024 INFLATION AT 2.7%; PRIOR FORECAST 3.2%
🔴 ECB: ACCORDING TO LATEST EUROSYSTEM STAFF PROJECTIONS FOR EURO AREA, INFLATION IS EXPECTED TO DECLINE GRADUALLY OVER COURSE OF NEXT YEAR, BEFORE APPROACHING ECB’S 2% TARGET IN 2025.
🔴 ECB: INFLATION IS LIKELY TO PICK UP AGAIN TEMPORARILY THE NEAR TERM.
🔴 ECB: OVERALL, STAFF EXPECT HEADLINE INFLATION TO AVERAGE 5.4% IN 2023, 2.7% IN 2024, 2.1% IN 2025 AND 1.9% IN 2026.
🔴 ECB'S NEW INFLATION PROJECTIONS: STAFF EXPECT HEADLINE INFLATION TO AVERAGE 5.4% IN 2023, 2.7% IN 2024, 2.1% IN 2025 AND 1.9% IN 2026.
🔴 ECB: WE SEE 2023 INFLATION AT 5.4%; PRIOR FORECAST 5.6%.
🔴 ECB: INFLATION HAS DROPPED IN RECENT MONTHS, IT IS LIKELY TO PICK UP AGAIN TEMPORARILY IN THE NEAR TERM.
🔴 SNB'S CHAIRMAN JORDAN: NO FURTHER TIGHTENING IS NEEDED FOR THE TIME BEING.
🔴 SNB'S CHAIRMAN JORDAN: INFLATIONARY PRESSURE HAS DECREASED SLIGHTLY, BUT UNCERTAINTY REMAINS HIGH.
🔴 SNB'S CHAIRMAN JORDAN: MONETARY CONDITIONS ARE CURRENTLY APPROPRIATE.
🔴 SNB'S CHAIRMAN JORDAN: INFLATION IS LIKELY TO PICK UP AGAIN IN THE NEXT MONTHS.