ECB President Christine Lagarde, speaking at #BloombergHouse in Davos, expressed concern over aggressive bets on interest-rate cuts, stating that they are not helping the fight against inflation. She indicated that it is likely the ECB will cut rates by the summer. However, other ECB officials, such as Knot, Vasle, Panetta, and Villeroy, have expressed different views. Knot warned that markets are getting ahead of themselves on cuts and that labor markets are still strong, urging caution on wages. Vasle also disagreed with market expectations, stating it's premature to expect a rate cut at the start of the second quarter. Panetta highlighted the strength of disinflation, while Villeroy stated it's premature to predict when the ECB will reduce rates this year. Overall, the ECB accounts emphasized the need for caution and stressed that there was no room for complacency, indicating that it was too early to be confident that the task of achieving the 2% inflation target had been accomplished.
π΄ ECB ACCOUNT: MARKET EXPECTATIONS INCONSISTENT WITH PROJECTIONS.
π΄ ECB ACCOUNTS: IT WAS STRESSED THAT THERE WAS NO ROOM FOR COMPLACENCY.
π΄ ECB ACCOUNT: SAW SUBSTANTIAL LOOSENING OF FINANCIAL CONDITIONS.
π΄ ECB ACCOUNTS: CAUTION WAS WARRANTED, AS INFLATION WOULD PROBABLY PICK UP IN THE NEAR TERM.
π΄ ECB ACCOUNTS: TOO EARLY TO BE CONFIDENT THAT THE TASK HAD BEEN ACCOMPLISHED.
π΄ ECB'S NAGEL: RATE CUTS WILL COME SOONER OR LATER.
Lagarde Says Itβs Likely @ECB Will Cut Rates in Summer https://t.co/WvrPle5fzl
β οΈ JUST IN: *SPEAKING IN DAVOS, ECB PRESIDENT CHRISTINE LAGARDE SAYS IT'S LIKELY ECB WILL CUT RATES IN SUMMER $EUR πͺπΊπͺπΊ https://t.co/ayoBD5P2Tm
π΄ ECB'S VILLEROY: IT'S PREMATURE TO SAY WHEN THE ECB WILL REDUCE RATES THIS YEAR.
π΄ ECB'S PANETTA: DISINFLATION IS HAPPENING, IS STRONG AND WILL CONTINUE.
β οΈ ECB'S KNOT PUSHES BACK ON RATE CUT BETS (Reuters) Investor bets for European Central Bank rate cuts are excessive and possibly self defeating because they could actually hold back monetary easing, Dutch central bank chief Klaas Knot told CNBC on Wednesday. Markets areβ¦ https://t.co/sddX3AIing
β οΈ ECB ON TRACK BUT JOB NOT DONE: LAGARDE (Reuters) The European Central Bank is on track to get inflation back to its 2% target but victory has not yet been won, ECB President Christine Lagarde told Bloomberg TV in Davos on Wednesday. Lagarde said it would be in the "lateβ¦
The ECB is likely to cut interest rates in the summer, President Christine Lagarde says at #BloombergHouse in Davos https://t.co/EKa9pzcguC https://t.co/Gn5tvIKI6R
ECBβs Vasle: My Rate Expectations Significantly Different Market - Absolutely Premature To Expect Cut At Start Of Q2 - Labour Markets Still Strong, Need Caution On Wages
π΄ ECB'S VASLE: MY RATE EXPECTATIONS ARE SUBSTANTIALLY DIFFERENT TO MARKET. IT'S ABSOLUTELY PREMATURE TO EXPECT CUT AT START OF THE 2ND QUARTER.
Aggressive bets on interest-rate cuts in financial markets "are not helping the fight against inflation," says ECB President Christine Lagarde at #BloombergHouse in Davos https://t.co/EKa9pzbIF4 https://t.co/JSvlNwsSUO
Christine Lagarde, President, @ecb says that she is "confident that short of another major shock, we have reached a peak," when ask if she thinks there will be interest rate cuts this year. #BloombergHouse @flacqua https://t.co/0iFVkREnIo
"I'm not going to shout victory, not yet." Christine Lagarde, President, @ecb on whether optimism in the markets affect the rate of inflation and the battle to get it down to 2%. #BloombergHouse https://t.co/jbD8X0mwcK
Aggressive bets in financial markets on interest-rate cuts "are not helping the fight against inflation," says ECB President Christine Lagarde at #BloombergHouse in Davos https://t.co/fjgoq5Zvxn https://t.co/qQzgai9vo8
π΄ ECB'S KNOT: THE MORE EASING THE MARKET DOES, THE LESS LIKELY WE'LL CUT.
π΄ ECB'S KNOT: WE NEED TO SEE A TURNAROUND IN WAGES.
π΄ ECB'S KNOT: EASING, IF IT HAPPENS, IT WILL BE VERY GRADUAL.
*LAGARDE SAYS IT'S LIKELY ECB WILL CUT RATES BY THE SUMMER
π΄ ECB'S KNOT: MARKETS ARE GETTING AHEAD OF THEMSELVES ON CUTS. A LOT MUST GO WELL TO HIT 2% INFLATION IN 2025.
π΄ ECB'S PRESIDENT LAGARDE: IT'S LIKELY THE ECB WILL CUT RATES BY THE SUMMER.
ECBβs Knot: Markets Are Getting Ahead Of Themselves On Cuts - CNBC - A Lot Must Go Well To Hit 2% Inflation In 2025
ECBβs Lagarde: Itβs Likely ECB Will Cut Rates By The Summer
ECB President Christine Lagarde says that aggressive bets in financial markets on interest-rate cuts arenβt helping policymakers in their task https://t.co/PskfP3auCa