European Central Bank (ECB) Governing Council members Mario Centeno and Vujcic have expressed the need for rate cuts to start sooner rather than later, in small increments rather than abruptly. Centeno emphasized the ECB's role in stimulating Eurozone economic growth and the avoidance of waiting for first-quarter wage data in May to make rate decisions. Vujcic highlighted the preference for 25 basis points (BPS) cuts and the possibility of pauses between cuts. Both members mentioned the importance of a smooth transition and the need for more data before a rate-cut decision.
⚠️ ECB LIKELY TO CUT RATES IN SMALL INCREMENTS WITH PAUSES - VUJCIC (Reuters) The exact date for the start of European Central Bank rate cuts is secondary, but once the bank starts moving it is likely do it in small increments with possible pauses, Croatian policymaker Boris… https://t.co/jfKas1zuKJ
🔴 ECB'S VUJCIC: WE NEED A SMOOTH TRANSITION INTO RATE CUTS.
🇪🇺 ECB'S VUJCIC: **APRIL OR JUNE FOR A RATE CUT IS NOT A BIG DIFFERENCE **CUTS BY 25 BPS INCREMENTS PREFERRABLE, IT'S NOT A GIVEN THAT CUTS WOULD HAPPEN AT EVEYR MEETING, PAUSES ARE POSSIBLE **GDP DATA SUPPORT VIEW THAT EURO ZONE IS IN SOFT LANDING SCENARIO https://t.co/uXwnErvuWR
🔴 ECB'S VUJCIC: CUTS BY 25 BPS INCREMENTS IS PREFERABLE, IT'S NOT A GIVEN THAT CUTS WOULD HAPPEN AT EVERY MEETING. PAUSES ARE POSSIBLE.
🔴 ECB'S VUJCIC: APRIL OR JUNE FOR A RATE CUT IS NOT A BIG DIFFERENCE.
🔴 ECB'S VUJCIC: WE NEED MORE DATA BEFORE A RATE-CUT DECISION.
⚠️ CZECH CENTRAL BANK'S HOLUB SAYS BIGGER RATE CUT POSSIBLE IN FEB -BLOOMBERG NEWS (Reuters) Czech policymakers could consider accelerating the pace of interest rate cuts as inflation ebbs to "relatively standard" levels, Czech National Bank (CNB) board member Tomas Holub said… https://t.co/ocAQSpaO9j
💡 ECB’s Centeno: Easing Process Should Start Sooner Rather Than Later - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/fNXBByfo5l
The European Central Bank should start bringing down interest rates sooner rather than later, and in small steps rather than abruptly, ECB Governing Council member Mario Centeno told @Reuters https://t.co/wh4KFufzFv
⚠️ ECB'S CENTENO SAYS RATE CUTS SHOULD START SOONER RATHER THAN LATER (Reuters) The European Central Bank (ECB) should start bringing down interest rates sooner rather than later, and in small steps rather than abruptly, ECB Governing Council member Mario Centeno told… https://t.co/0aJ5HB3kBN
ECB's Centeno: Rate Cuts Should Start Sooner Rather Than Later - MS https://t.co/lMUl4LI80c
🔴 ECB'S CENTENO: THERE IS NO NEED TO WAIT FOR FIRST-QUARTER WAGE DATA IN MAY TO MAKE RATE DECISIONS.
🔴 ECB'S CENTENO: THE ECB ALSO HAS TO BE A SOURCE OF STIMULUS FOR EUROZONE ECONOMIC GROWTH.
🔴 ECB'S CENTENO: THE ECB SHOULD START CUTTING RATES SOONER RATHER THAN LATER AND AVOID ABRUPT MOVES.