De Guindos: ECB Needs More Time Before It Can Start Cutting Rates LeapRate

February 14, 2024 BY Simon Mugo

De Guindos: ECB Needs More Time Before It Can Start Cutting Rates

They emphasise that any potential policy relaxation remains more distant than market participants anticipate. Current market expectations have adjusted to anticipate 113 basis points in rate reductions this year, a decrease from previously anticipated 150 basis points, with the initial adjustment forecasted for either April or June. Speaking at a conference in Split, Croatia, de…

February 06, 2024 BY Simon Mugo

ECB Should Not Hurry To Cut Rates, Says Croatia’s CB Governor

Despite a rapid decrease in inflation from the high levels of 2022 and the euro zone's current economic slowdown, market forecasts anticipate up to five ECB rate reductions this year, potentially starting as early as April. However, Vujcic and other policymakers in Europe and the Federal Reserve in the United States advocate for a cautious…

December 15, 2023 BY Simon Mugo

EURUSD Pair Falls As Euro Weakens on Disappointing PMI Data

The Preliminary HCOB Services PMI for December dropped to 48.1, a decline from November's 48.7, defying expectations of a slight rise to 49. This indicates that the activity in the Eurozone’s crucial services sector is shrinking more rapidly than it did in the previous month. Similarly, the Manufacturing PMI remained static at 44.2, contrary to…

October 21, 2019 BY Valentina Kirilova

Draghi's last European monetary policy meeting

The following article was exclusively prepared for LeapRate by Ramy Abouzaid, ATFX (AE) Head of Market Research. Mario Draghi will formally end his presidency of the European Central Bank by the end of October to hand over Mrs Lagarde to the presidency of the European Central Bank, as the first woman to hold such a high…

Tag: ECB monetary policy