Eurozone banks need a digital euro in response to U.S. President Donald Trump's efforts to promote a stablecoin, a cryptocurrency usually pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. That would help lure more customers away from banks and strengthen the case for the ECB to launch its own digital currency.
On January 22nd, the European Central Bank Governing Council Knott said that the obstacles to another interest rate cut next week are very small. The data is encouraging and confirms that we will return to our target. (Golden Ten)
European Central Bank Governing Council Member Knott said there are few obstacles to another interest rate cut next week. The data is encouraging and confirms that we will be back on target and hope to see the economy recover before making further judgments. (Golden Ten)
Although the market is not optimistic that the European Central Bank will cut interest rates significantly tonight, they generally predict that the central bank will become more dovish in the future.
Mr. Nagel, the European Central Bank's governing body, said on Wednesday that the central bank could cut interest rates again next week but that easing should be gradual and cautious. "Given that the process of falling inflation has largely proceeded as currently expected, at this stage I would not object if we continued to lower the policy rate," Mr. Nagel said on Wednesday. "But I will reserve my final judgment and will make my decision after reviewing the new macroeconomic forecasts for Decem...
European Central Bank Governing Council member Nagel said that service inflation in the euro area remains high; the European Central Bank should remain cautious and not rush to achieve results on interest rates; in the fight against inflation, the European Central Bank still needs to make efforts.
The European Central Bank's governing council, Muller, said that the best policy option is to cut interest rates cautiously; not to worry about falling behind the situation; and still believe that we will see a gradual economic recovery.
We do not need to discuss a 50 basis point rate cut at this stage; there is no evidence to support our discussion of such a policy outlook; the European economy is weaker than we originally expected; internal inflation remains very high; central bank policy depends on data.
ECB Executive Panetta: I don't take it for granted that we will stop at the neutral interest rate, and we cannot rule out the possibility of falling below it.
ECB Governing Council member Pat Salides said a 50 basis point cut would only be necessary if the situation deteriorated significantly.
Makhlouf, the governing council of the European Central Bank, said that he does not think the European Central Bank should cut interest rates faster; geopolitics is more dangerous than ever in some aspects; the influence of geopolitics is beyond the control of the European Central Bank.
ECB Governing Council Member Makhlouf: I don't think the ECB should cut interest rates faster.
On October 17, Goldman Sachs said that we expect the Federal Reserve to cut interest rates by 25 basis points in a row between November 2024 and June 2025, and the final interest rate range will reach 3.25% -3.5%; the European Central Bank is expected to cut interest rates by 25 basis points in October, and will cut interest rates by 25 basis points in a row thereafter until the policy rate reaches 2% in June 2025.
Investment banks believe that the European Central Bank will cut interest rates again this week, and the time for continued interest rate cuts may be... Why are the positions before and after Ishiba Shigeru's election different?
The ECB is likely to continue cutting interest rates until at least the first half of 2025, bringing them down to 2% -3%, Klaas Knot, the ECB's governing council and Dutch central bank president, said on Tuesday. "I expect that we will continue to gradually reduce interest rates for some time to come, as well as in the first half of 2025," Knot said. "I don't expect interest rates to return to the very low levels they were before the COVID-19 pandemic. They may end up at a more natural level," h...