ECB tries to dampen bets on streak of rate cuts:
reuters.com/markets/rates-bonds/ecb-cannot-commit-rate-path-even-after-first-cut-lagarde-says-2024-03-20/
Quick Glance: ECB: Lagarde Emphasizes Data-Dependent Rate Policy
- The European Central Bank (ECB) cannot pre-determine the number of interest rate cuts that will follow even after initiating rate reductions, as this will rely on incoming data, stated ECB President Christine Lagarde on Wednesday.
- Several ECB policymakers are in favor of an initial reduction in interest rates from their current record highs, potentially in June. The current focus of discussion lies in determining the subsequent steps.
- Lagarde aimed to temper speculations by highlighting the necessity of data-driven decisions. She stressed that even after the first rate cut, a fixed rate path cannot be predetermined. Adapting to new information from meeting to meeting is crucial.
- Lagarde outlined the prerequisites for commencing rate cuts: deceleration in wage growth, ongoing decline in inflation, and internal forecasts confirming the return of price growth to the 2% target.
Story Details
| Last Updated | Mar 21 |
| Total Articles | 23 |
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ECB chief Lagarde lays out three-part test for rate cuts: Europe’s challenges differ from those in the U.S. — but there are lessons for stateside policy.
axios.com/2024/03/20/ecb-chief-economist-christine-lagarde-rate-cuts
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bloomberg.com/news/articles/2024-03-20/lagarde-says-ecb-can-t-commit-to-cuts-beyond-likely-june-move
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ECB chief Lagarde lays out three-part test for rate cuts: Europe’s challenges differ from those in the U.S. — but there are lessons for stateside policy.
axios.com/2024/03/20/ecb-chief-economist-christine-lagarde-rate-cuts
Cut Chatter: The Bloomberg Close, Europe Edition: Good afternoon. Here's what you need to know to end your day.
bloomberg.com/news/newsletters/2024-03-20/cut-chatter-the-bloomberg-close-europe-edition
Paid articlePaid Lagarde Says ECB Can’t Commit to Cuts After Likely June Move: The European Central Bank can’t commit to further reductions in borrowing costs after a likely ...
bloomberg.com/news/articles/2024-03-20/lagarde-says-ecb-can-t-commit-to-cuts-beyond-likely-june-move
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ECB chief Lagarde warns of risk of acting 'too late' on rates: The chief of the European Central Bank (ECB) cautioned Wednesday against the dangers of acting ...
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ECB cannot commit to rate path even after first cut, Lagarde says: The European Central Bank cannot commit to a pre-set number of interest rate cuts even after ...
reut.rs/3ILey2g
Euro: Lagarde's difficult search for self-assurance: Because of previous errors, the European Central Bank does not trust its inflation forecasts ...
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Lagarde hints at interest rate turnaround in June: FRANKFURT. From the perspective of its President Christine Lagarde, the ECB will probably have enough security ...
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Interest rates could soon fall: ECB boss Lagarde hints at a turnaround in interest rates in June
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ECB President: Lagarde points to interest rate turnaround in June: The ECB should have enough security in June to decide on a first interest rate cut ...
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European Central Bank’s Lagarde signals June cut but says future rate path uncertain
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Christine Lagarde says ECB won’t commit to path of rate cuts: Comments indicate central bank is likely to keep markets guessing on timing and scale of easing
ft.com/content/8372a77a-e219-49cc-bd86-261d08412553
ECB monetary policy: It looks like June: The ECB wants to lower interest rates in the summer. What else can come between now?
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ft.com/content/0112fe8d-856f-43aa-9bbb-c2106b00b5d6
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Timing of first BoE rate cut splits economists between June and Q3: The Bank of England will wait until next quarter to lower borrowing costs ...
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Europe is beating inflation. Why can’t America declare victory?: Inflation may have tumbled from multi-decade highs on both sides of the Atlantic ...
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Quick Glance: Rising Key Fed Inflation Measure in March
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- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
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