ECB's Nagel: After a June cut, ECB will probably have to wait until September for next move

Quelle: Fxstreet
24. Mai 2024 16:01

European Central Bank (ECB) Governing Council Member Dr. Joachim Nagel noted on Friday that a wait-and-see period before a follow-up rate trim would likely follow an early rate cut from the ECB.

Key highlights

The wage uptick wasn't a surprise.

The wage uptick is linked to high inflation rates of the past.

Core and headline inflation are both decelerating.

The ECB can probably cut rates in June.

There is no autopilot on rate cuts.

After June, we will probably have to wait on the next move until September.

Haftungsausschluss: Nur zu Informationszwecken. Die bisherige Performance ist kein verlässlicher Indikator für zukünftige Ergebnisse.
placeholder
ECB’s Nagel: ECB isn't on autopilot on interest-rate cutsEuropean Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Friday that “the ECB isn't on autopilot on interest-rate cuts.” Further comments Inflation is proving to be stubborn, especially in the case of services.
Quelle:  Fxstreet
European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Friday that “the ECB isn't on autopilot on interest-rate cuts.” Further comments Inflation is proving to be stubborn, especially in the case of services.
placeholder
China's Caixin Manufacturing PMI rises to 51.7 in May vs. 51.5 expectedChina's Caixin S&P Global Manufacturing Purchasing Managers' Index (PMI) rose from 51.4 in April to 51.7 in May, according to the latest data released on Monday.
Quelle:  Fxstreet
China's Caixin S&P Global Manufacturing Purchasing Managers' Index (PMI) rose from 51.4 in April to 51.7 in May, according to the latest data released on Monday.
placeholder
RBA’s Hunter: Agree with the Treasury forecast on inflationReserve Bank of Australia (RBA) Chief Economist Sarah Hunter said early Thursday that “we agree with the Treasury forecast on inflation.” Additional comments CPI confirmed there was strength in some price sectors.
Quelle:  Fxstreet
Reserve Bank of Australia (RBA) Chief Economist Sarah Hunter said early Thursday that “we agree with the Treasury forecast on inflation.” Additional comments CPI confirmed there was strength in some price sectors.
goTop
quote