European Central Bank (ECB) officials, including Governing Council members Gediminas Simkus, Martins Kazaks, and Madis Muller, suggest the possibility of further rate cuts in 2024 if economic conditions align with projections. ECB Vice President Luis de Guindos emphasizes the need to be cautious and prudent in decision-making, highlighting the role of inflation data and market evolution. The ECB's focus on data gathering and labor market stability underpins discussions on potential rate adjustments.
🇪🇺 #ECB GOVERNING COUNCIL MEMBER CENTENO SPEAKS TO CNBC *ECB'S CENTENO: WE MUST BE PRUDENT ON RATES *ECB'S CENTENO: OUR BASELINE HAS PROVED QUITE SOLID *ECB'S CENTENO: THERE'S CONFIDENCE INFLATION WILL HIT 2% IN 2025 *CENTENO: AS CONFIDENCE BUILDS, ECB CAN LOOK AT EVERY MEETING…
ECB'S CENTENO: OUR BASELINE HAS PROVED QUITE SOLID
ECB'S CENTENO: MONETARY POLICY MUST HELP ECONOMIC RECOVERY.
ECB'S CENTENO: WE'RE STILL HESITANT ON GROWTH ASSESSMENT
ECB'S CENTENO: EVERY MEETING IS OPEN FOR US TO MAKE A DECISION.
ECB'S CENTENO: THE LABOR MARKET IS THE BIGGEST PILLAR OF STABILITY.
ECB'S CENTENO: WE'RE STILL HESITANT ON THE GROWTH ASSESSMENT.
ECB'S CENTENO: AS CONFIDENCE BUILDS, THE ECB CAN LOOK AT EVERY MEETING.
ECB'S CENTENO: OUR BASELINE HAS PROVED QUITE SOLID.
ECB'S CENTENO: WE MUST BE PRUDENT ON RATES.
The ECB can probably lower borrowing costs again before year-end, but shouldn’t rush to do so, according to Governing Council member Madis Muller https://t.co/G5y5hP8CKT
ECB'S MULLER: I SEE A RISK OF UNDERESTIMATING PRICE STICKINESS.
ECB'S MULLER: MUST BE PATIENT WITH FURTHER INTEREST-RATE CUTS
ECB'S MULLER: CAN PROBABLY CUT MORE IF BASELINE HOLDS
ECB'S MULLER SEES RISK OF UNDERESTIMATING PRICE STICKINESS
ECB's de Guindos: We are not following a pre-determined path on interest rates https://t.co/ik7vrnGyOL
ECB's next rate cut an easy decision before choices become hard, Wunsch says https://t.co/Jwa7Wtby9B https://t.co/swgG6AoB1z
#ECB’s Wunsch: Barring major negative surprises, ECB has room for second rate cut European Central Bank (ECB) policymaker Pierre Wunsch said in a Reuters interview that “barring major negative surprises, ECB has room for a second rate cut.”
Kazaks says market bets of 1-2 ECB cuts are consistent with the baseline https://t.co/eAVu6sN5St https://t.co/C8wQiAGx7r
ECB'S DE GUINDOS: FRENCH MARKET EVOLUTION HAS BEEN QUITE ORDERLY.
ECB'S DE GUINDOS: THE ECONOMY IS TO BE STRONGER IN 2H THAN 1H.
ECB'S DE GUINDOS:0 2Q EURO-ZONE GDP GROWTH IS NOT MUCH DIFFERENT TO 1Q.
ECB'S DE GUINDOS: BASE EFFECTS ARE PLAYING A ROLE IN INFLATION MOVES.
ECB'S DE GUINDOS: NATIONAL INFLATION DATA HAS BEEN QUITE POSITIVE.
ECB'S DE GUINDOS: INFLATION WILL HAVE UPS AND DOWNS THIS YEAR.
🇪🇺#ECB VICE PRESIDENT GUINDOS SPEAKS TO CNBC *ECB'S GUINDOS: NO PRE-DETERMINED RATE PATH, GIVEN UNCERTAINTY *ECB'S GUINDOS: WE HAVE TO BE VERY PRUDENT *ECB'S GUINDOS: INFLATION WILL HAVE UPS AND DOWNS THIS YEAR *ECB'S GUINDOS: NATIONAL INFLATION DATA HAVE BEEN QUITE POSITIVE…
ECB'S DE GUINDOS: WE HAVE TO BE VERY PRUDENT.
ECB'S DE GUINDOS: THERE IS NO PRE-DETERMINED RATE PATH, GIVEN UNCERTAINTY.
💡 Exclusive: ECB’s Kazāks: If Inflation Moves Sideways but Outlook Doesn’t Change, a September Cut Is Possible - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/6AQe3q4MdH
Expectations that the ECB will cut rates one or two more times this year seem “quite reasonable,” Governing Council member Martins Kazaks says https://t.co/xhQx4VhsuZ
Kazaks Says Market Bets of 1-2 ECB Cuts Consistent With Baseline https://t.co/jCNZa61m75
ECB’s Lane says June inflation data won’t answer questions on services https://t.co/W98q3LH93A via @flacqua @weberalexander https://t.co/AXMW9gQJ49
⚠️ A new ECB exclusive just out from @EconoStream News. The gist of the story is: ECB’s Kazāks: If Inflation Moves Sideways but Outlook Doesn’t Change, a September Cut Is Possible - Kazāks: If economy and lending growth stay weak, ‘that opens more possibilities for cutting… https://t.co/url3g8sy0l
🇪🇺 #ECB CHIEF ECONOMIST LANE SPEAKS IN BLOOMBERG TV INTERVIEW - BBG *LANE: JUNE INFLATION DATA SEEM IN LINE WITH ECB ASSESSMENT ⚠ *LANE: NATURAL FOR MARKETS TO REPRICE AROUND ELECTIONS *ECB'S LANE: SERVICES INFLATION IS ESSENTIAL *LANE: NEED TO TAKE A LITTLE BIT OF TIME TO…
🇪🇺 #ECB GOVERNING COUNCIL MEMBER KAZAKS SPEAKS TO CNBC - BBG *ECB'S KAZAKS: MARKET BETS OF 1-2 CUTS CONSISTENT WITH BASELINE *ECB'S KAZAKS: WE CAN ALWAYS ADJUST PACE, SIZE OF RATE CUTS *ECB'S KAZAKS: NEED TO GET INFLATION BACK TO 2% NEXT YEAR *ECB'S KAZAKS: WE TAKE INTO ACCOUNT…
ECB'S PRESIDENT LAGARDE: THE STRONG LABOR MARKET ALLOWS THE ECB TO GATHER ENOUGH DATA.
ECBs Wunsch: The markets pricing on rate cuts reasonable https://t.co/Dg6KATHnb8
ECB'S WUNSCH: MARKET PRICING ON THE ECB RATE PATH LOOKS REASONABLE.
ECB'S WUNSCH: A JULY CUT IS AN OPTION IN THEORY, IN PRACTICE WE MUST BE CAUTIOUS.
Assumptions that the European Central Bank will lower borrowing costs twice more in 2024 may prove correct if the economy develops as officials predict, according to Governing Council member Gediminas Simkus. https://t.co/S9qBx0Oow1
ECB may cut twice more this year barring surprises, Simkus says https://t.co/fm1F5vXYDM via @weberalexander https://t.co/F7UFdW45iF
ECBs Sinkus: There is a possibility for 2 more cuts in 2024 https://t.co/eiwGyZni9o
ECB'S SIMKUS: WE SHOULDN'T LIMIT RATE MOVES TO PROJECTION MEETINGS.
ECB'S SIMKUS: TWO MORE 2024 CUTS ARE POSSIBLE IF THE DATA IS AS EXPECTED.