Germany, Sept. 12, 2024. The ECB on Thursday announced it would cut key interest rates again, marking its second rate reduction this year following a move in June, with no indication of the future rate path. (Xinhua/Zhang Fan)
The ECB committed to further rate hikes based on "the substantial upward revision to the inflation outlook." In its latest forecast, Eurosystem staff sees inflation in the euro area at 8.4 percent in 2022 and 6.3 percent in 2023. The inflation forecast for 2024 has been revised up to 3.4 ...
“This will not be the same in 2025,” she said, explaining why the ECB had decided to lower interest rates. “We are seeing those wage increases on a declining path.” According to the latest forecast, eurozone inflation will level out at 2.5 percent this year, 2.2 percent in 2025, an...
The European Central Bank (ECB) cut interest rates by 25 basis points on Thursday to 3.5%, its second rate cut of the year, following indications that inflation is retreating to the 2% target and growth looks set to remain subdued. The central bank edged down its forecast for GDP growth ...
Central Bank Views - Interest Rate Hike, Rate Cut Forecast, Analysis of Fed, ECB, BoJ, BoE, SNB, BOC, RBA, RBNZ
CNBC spoke to 12 members of the European Central Bank's Governing Council, which votes on interest rate moves, in New York this week. There were two clear messages: expect a June cut, but beware of spillover effects from the Middle East. A sculpture of the Euro currency stands in the...
Four of its policymakers backed further interest rate cuts on Friday provided inflation settles at the ECB’s 2 per cent goal as expected. New York Wall Street’s main indexes were muted although an upbeat forecast from Broadcom kept alive the euphoria around artificial intelligence. Broadcom ...
The ECB's June interest rate decision would be "very important," he said. "I'm sure that we will deliver the response that is consistent with the recovery of the euro area economy that we have in our forecast," he told CNBC's Tso, noting that market expectations for June w...
Notably, although less pronounced than in late 2023, the disinflation trend continued in early 2024 and was stronger than forecast in the ECB’s December macroeconomic projections. Headline inflation stood at 2.6% year-on-year (YoY) in February and core inflation fell to 3.1% YoY, a 23-month...
Home prices grew at an annualised rate of 8 per cent from February 2024, down only slightly from an annual rate of 8.2 per cent in the 12 months to January. Photograph: iStock Ian Curran Wed Apr 16 2025 - 11:13 A further quarter point cut in European Central Bank (ECB) ...