News list for "european"
ECB Governing Council member Eskriva said he sees no reason to adjust interest rates and expects monetary policy to remain stable for the foreseeable future. The ECB left its policy rate unchanged on Thursday and raised some of its growth and inflation forecasts, a move that could close the door for further rate cuts in the near future. In an interview, Eskriva was asked about the next possible rate move, saying: "We don't know, but we are open to any change in either direction if necessary, but...
Mr. Schnabel, the ECB executive, agreed with investors' bets on the ECB's next rate rise. Mr. Schnabel said borrowing costs were already at levels that would remain appropriate for some time barring fresh shocks, while consumer spending, business investment and heavy government spending on defence and infrastructure would still boost the economy. The German hawk noted that economic and inflation risks were skewed to the upside. She hinted that in...
Lagarde, the president of the European Central Bank, said that the current interest rate level is in an appropriate range, and the European Central Bank is fully prepared for policy. "In my opinion, the interest rate level set by the previous meetings is appropriate," Lagarde said in an interview. "We are always in a good position given that the inflation cycle has been brought under control." Discussing the risks to the inflation outlook, she pointed out that the risk range has narrowed, but if...
According to Bloomberg, the European Central Bank said in its Financial Stability Review pre-release on Monday that while financial stability risks are currently limited, the rapid growth of stablecoins requires close monitoring. "Stablecoins are developing rapidly and may be adopted in new application scenarios, which could introduce financial stability risks in the future," the central bank noted.
A sharp correction in financial marekts and crypto assets would rank among the top short-term risks to financial stability, ECB Governing Council member Pereira warned. He said the central bank must reserve room to act in the event of another shock, stressing that "price stability is the top priority". "In the event of another shock or crisis, the central bank must have the cushion to act decisively to lower interest rates and help the economy," he said. He added: "The purpose...
Morgan Stanley said it expects the ECB to cut interest rates further in the first half of next year. By the middle of next year, the policy rate will be cut from the current 2.00% to 1.50% and remain at that level. "Weak economic growth, lower-than-expected inflation and limited fiscal stimulus are all driving further easing by the ECB," the strategists noted. Against this backdrop, Morgan Stanley expects the 10-year Bund yield to be around 2.45% by the end of 2026. According to LSEG data, money...
According to the Financial Times, European Central Bank policymaker Olaf Sleipen has warned that a run on stablecoins could force the European Central Bank to reconsider interest rates.
The Bank of Italy supports the European Central Bank's (ECB) plan to launch a digital euro, but wants to spread the required investment over a longer period of time. Marco Elio Rotini, managing director of the Association of Italian Banks (ABI), told a news conference that banks supported the proposal despite the high cost because it embodied the concept of "digital sovereignty". Recently, the ECB has agreed with European Union finance ministers to determine the development of the digital euro.
The downside of international spot gold is limited, and the price close to $4,000 is still cost-effective? Goldman Sachs is optimistic that the Federal Reserve will continue to cut interest rates in December, and the European Central Bank may stay put in the foreseeable future...
ECB President Christine Lagarde announced that the Governing Council has decided to move forward with the final phase of preparations for the digital euro, marking a key milestone for the project, according to a video posted on the official account of the European Central Bank in X. She said that the European Council had asked on October 23 to accelerate the process in order to launch the digital euro as soon as possible. Lagarde stressed that while paper money will continue to circulate, the EC...
