The European Central Bank (ECB) is cautiously navigating a complex economic landscape as it seeks to balance price stability with economic growth. While the central bank has signaled its intention to continue lowering interest rates, it has emphasized the need for a gradual and data-driven approach.A Delicate Balancing ActECB Executive …
Read More »ECB closely monitors current market developments
European Central Bank Governing Council member Isabel Schnabel said on Tuesday that the monetary policy can and should respond to a disorderly repricing of risk premia, as reported by Reuters.Key Quotes“We will react to new emergencies with existing and potentially new tools.”“There can be no doubt that, if and when …
Read More »Schnabel: ECB may need to hike rates in July
European Central Bank member, Isabel Schnabel, told a German newspaper Handelsblatt on Tuesday that the ECB may need to raise interest rates as soon as July to stop high inflation from getting entrenched.EUR/USD is higher on the day by some 0.23% yet has not reacted to the comments, sticking to …
Read More »Euro Hit By Bets On ECB’s Policy
The European Central Bank’s President Christine Lagarde is set to deliver a speech Friday, 19 November, amid traders and investors’ speculations that the Eurozone central bank could lag behind Fed and world peers on rate hike decision. Meanwhile, the euro touched its lowest level in 16 months this week as …
Read More »ECB’s Schnabel: Central banks must pay attention to house prices
Isabel Schnabel said that house prices need more attention from financial stability and price stability viewpoint. Schnabel indicated that owner-occupied housing would have contributed between 0.4 and 0.5 pp to data released by the Harmonised Index of Consumer Prices (HICP).The member of ECB’s executive board also insisted that monetary policy …
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