Lagarde Says ECB May Hold Rates Steady For More Than One Meeting

RTTNews | 409 hari yang lalu
Lagarde Says ECB May Hold Rates Steady For More Than One Meeting

(RTTNews) - Eurozone interest rates are likely to remain unchanged for sometime as the European Central Bank President Christine Lagarde said restrictive policy has not ended and the bank may wait several meetings before easing rates again.

Interest rates may not follow a linear downward path, Lagarde said in Paris in a joint interview to several European newspapers including Les Echos, Expansion, Il Sole 24 Ore and Handelsblatt.

The central bank lowered interest rates by 25 basis points last Thursday, taking the refi rate to 4.25 percent. That was the first reduction since 2019 and a rare occasion when the euro area central bank cut rates ahead of the US Federal Reserve.

The ECB Chief observed that the rate cut decision was "appropriate" and that it was not the first time that both central banks took divergent paths in policy-making.

The ECB's decisions will be data dependent, Lagarde reiterated.

The central banker also said that the lack of forward guidance on interest rates was not a sign of a deep divide in the Governing Council, but it only reflected policymakers' conviction that forward guidance on rates was not useful at this juncture due to significant uncertainty.

Lagarde said last week that the Governing Council was unanimous in taking the latest decision, except for one policymaker.

Economists expect one more ECB rate cut this year.

read more
ECB Leaves Rates Unchanged As Expected

ECB Leaves Rates Unchanged As Expected

The European Central Bank held its key interest rates steady on Thursday, in line with expectations, as policymakers assessed that price pressures continue to ease, but acknowledged that the economic environment remains highly uncertain mainly due to the trade tariff wars.
RTTNews | 9j 38min yang lalu
Eurozone Private Sector Growth At 11-Month High

Eurozone Private Sector Growth At 11-Month High

The euro area private sector grew at the fastest pace in almost a year in July as the recession in the manufacturing sector is coming to an end, flash survey results from S&P Global revealed Thursday. The HCOB composite output index posted 51.0 in July, up from 50.6 in the previous month. A score above 50.0 signals expansion.
RTTNews | 10j 53min yang lalu
German Consumer Sentiment To Weaken In August: GfK

German Consumer Sentiment To Weaken In August: GfK

Consumer confidence in Germany is set to deteriorate in August as households preferred to save rather than spend due to the escalating uncertainty, survey data from the market research group GfK revealed on Thursday. The Consumer Climate indicator dropped unexpectedly to -21.5 points in August from -20.3 points in July. The score was forecast to improve to -19.4.
RTTNews | 13j 7min yang lalu
German Economic Sentiment Strengthens In July

German Economic Sentiment Strengthens In July

German economic sentiment improved more than expected in July on hopes of a quick resolution to the US-EU tariff dispute and potential stimulus from the federal government, a monthly survey conducted by the think tank ZEW showed on Tuesday.
RTTNews | 9 hari yang lalu
German Exports Decline As Tariff Treats Damp Demand From US

German Exports Decline As Tariff Treats Damp Demand From US

Germany's exports declined for the second straight month in May due to a sharp fall in demand from the US amid tariff threats, data from Destatis revealed on Tuesday. Exports decreased by more-than-expected 1.4 percent month-on-month in May, following April's 1.6 percent fall. Economists had forecast a 0.2 percent drop. Imports slid 3.8 percent from last month.
RTTNews | 16 hari yang lalu
Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall

Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall

Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent. Another data from Eurostat showed that services production decreased 0.3 percen
RTTNews | 17 hari yang lalu
Eurozone Investor Confidence Strongest In More Than 3 Years

Eurozone Investor Confidence Strongest In More Than 3 Years

Eurozone investor confidence rose to the highest level in more than three years in July suggesting that fears of recession triggered by the US tariff shocks are completely off the table, survey data from the behavioral research institute Sentix showed on Monday. The investor confidence index advanced to 4.5 in July from 0.2 in June. The reading was the highest since February 2022 and also stayed
RTTNews | 17 hari yang lalu
German Industrial Production Rebounds In May

German Industrial Production Rebounds In May

Germany's industrial production rebounded in May driven by robust demand for automobile and pharmaceutical products, official data revealed on Monday. Data released by Destatis showed that industrial production grew 1.2 percent in May from a month ago, confounding expectations for a decline of 0.6 percent. Output in April was revised down to show a 1.6 percent fall compared to the 1.4 percent d
RTTNews | 17 hari yang lalu