Nagel sees an ECB rate cut in June as increasingly likely

avatar
· Views 462
Nagel sees an ECB rate cut in June as increasingly likely
On Wednesday, Joachim Nagel, a policymaker at the European Central Bank, stated that a rate reduction for the institution appears to be becoming more probable for June. However, he also noted that certain components of the incoming inflation data still seem to be higher than desirable.


"Underlying inflation remains elevated, while price pressures in the service sector are also elevated. At the June policy meeting, we will receive our updated economic projections, including our latest forecasts. If there is confirmation that inflation is indeed moderating and that we are on track to meet our target in 2025, as I have mentioned, the likelihood is increasing that a rate cut will be implemented at the June meeting," Nagel stated.

Earlier Wednesday, Mario Centeno, the governor of the Bank of Portugal, stated that it was "high time to shift this monetary policy cycle." Centeno noted the deceleration in inflation but also reaffirmed that the European Central Bank's (ECB) main policy-making body would base its decisions on the available data. Centeno described the ECB's June interest rate decision as "very significant."

On Thursday, the European Central Bank (ECB) opted to maintain its benchmark interest rates at their current levels, marking the fifth consecutive policy meeting where no changes were made. Additionally, the central bank adjusted its rhetoric regarding potential future rate cuts, indicating that such a reduction would be deemed appropriate if the ECB felt assured that inflation was returning to its 2% objective.

免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 1

  • tradingContest