{"id":86783,"date":"2023-07-19T20:39:40","date_gmt":"2023-07-19T16:39:40","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=86783"},"modified":"2023-07-19T20:42:46","modified_gmt":"2023-07-19T16:42:46","slug":"ecb-boe-policymakers-comment-on-inflation-in-eurozone-uk","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ecb-boe-policymakers-comment-on-inflation-in-eurozone-uk\/07\/19\/market-updates\/","title":{"rendered":"ECB, BoE policymakers comment on Inflation in Eurozone, UK"},"content":{"rendered":"\n<p>European Central Bank Governing Council member Yannis Stournaras told CGTN Europe on Wednesday that he wasn&#8217;t sure whether the ECB would hike rates again after 25 bps increase next week.<br><br>&#8220;We might have one further move next week of 25 basis points, but I&#8217;m not sure that we&#8217;re going to go further than that,&#8221; Stournaras said and further explained.<br><br>&#8220;The argument that inflation is falling and we have found out that we are at the optimal point that further increases of interest rates might damage the economy.&#8221;<br><br>The EUR\/USD pair stays under modest bearish pressure following these comments and was last seen losing 0.38% on the day at 1.118<br><br>Bank of England Deputy Governor Dave Ramsden acknowledged that the Consumer Price Index (CPI) inflation has begun to fall significantly in the UK but noted that it was still &#8220;much too high,&#8221; per Reuters.<br><br><strong>Key takeaways<br><\/strong>&#8220;If there is evidence of more persistent pressures, then further tightening in monetary policy would be required.&#8221;<br><br>&#8220;Monetary policy decisions will address the risk of more persistent strength in domestic wage and price setting.&#8221;<br><br>&#8220;I support a carefully considered increase in the pace of reduction in the stock of gilts in the twelve months ahead.&#8221;<br><br>&#8220;I want QT to set a gradual and predictable pace for unwind and to let it operate in the background.&#8221;<br><br>&#8220;QT is having only a limited impact on gilt yields.&#8221;<br><br>These comments failed to help Pound Sterling find demand. As of writing, GBP\/USD was down more than 1% on the day at 1.2895.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European Central Bank Governing Council member Yannis Stournaras told CGTN Europe on Wednesday that he wasn&#8217;t sure whether the ECB would hike rates again after 25 bps increase next week.&#8220;We might have one further move next week of 25 basis points, but I&#8217;m not sure that we&#8217;re going to go further than that,&#8221; Stournaras said &hellip;<\/p>\n","protected":false},"author":13,"featured_media":77037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6967,6923,6837,6987,6835],"class_list":["post-86783","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boe","tag-ecb","tag-eurozone","tag-inflation","tag-uk"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=86783"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86783\/revisions"}],"predecessor-version":[{"id":86793,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86783\/revisions\/86793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/77037"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=86783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=86783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=86783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}