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)
Traders upped their bets that the ECB will cut rates by 100 basis points this year.
"The ECB's base rate should fall to around 2 percent around the autumn of 2025," Stournaras, the ECB's governing council and central bank governor, told Greece's Skai radio station, according to a transcript released Thursday by the Greek central bank. He said the forecast would still be subject to "unforeseen circumstances," citing risk factors in Europe and the United States. Economists and investors believe the region's economy is suffering as the ECB cuts interest rates at every meeting unti...
European Central Bank President Christine Lagarde: I hope the European Central Bank can achieve its 2% inflation target in 2025.
Traders have cut their bets on ECB easing and now expect interest rate cuts of less than 125 basis points in 2025.
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.
1. ECB Governing Council Nagel: I tend to take a gradual, cautious approach to interest rate cuts. 2. ECB Governing Council Makhlouf: (when asked if there will be a 50 basis point cut) tend to be cautious. 3. ECB Chief Economist Lien: There are reasons to continue to cut interest rates in December, and the easing policy will continue in the next few months. 4. ECB Governing Council Holtzmann: I think it is possible to cut interest rates modestly in December, and it is possible to cut interest ra...
Traders have trimmed bets on the ECB easing monetary policy, expecting a cumulative rate cut of less than 150 basis points by the end of 2025.
Reuters poll: 73 of 75 economists think the European Central Bank will cut deposit rates by 25 basis points to 3.00% in December; two expect a 50 basis point cut.
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...
Once the central bank has established that inflation is on track to reach its 2 per cent target over the medium term, monetary policy decisions at some point in the future will need to be "driven by impending risks rather than looking backwards".
The two major economic engines of the euro zone "collectively stall", the European Central Bank interest rate cuts are expected to surge, this ebb and flow, is there an end to the pressure road in Europe and the United States? Investment banks pointed out that the European Central Bank is likely to cut interest rates by 50 basis points... > >
European Central Bank Governing Council Holtzmann: There is no reason not to cut interest rates in December. (Golden Ten)