ECB's Nagel: After a June cut, ECB will probably have to wait until September for next move
Source Fxstreet
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.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Strong third-quarter results from major Wall Street banks have kicked off the 2025 earnings season on a high note, with JPMorgan Chase posting record revenue, and Goldman Sachs and Citi delivering their best Q3 ever.
Bitcoin price edges below $112,500 on Wednesday, struggling to extend its rebound amid renewed macroeconomic headwinds.
The AUD/USD pair trades 0.5% higher to near 0.6520 during the European trading session on Wednesday.
The Pound Sterling (GBP) trades higher against a majority of its currency peers on Wednesday.
Gold extends its impressive rally to a new record-high above $4,200 on Wednesday as markets assess the latest headlines surrounding the US-China relations.
