The ECB will not be able to cut interest rates too much – Commerzbank
Source Fxstreet
Economists at Commerzbank expect the European Central Bank (ECB) to find hurdles to cut interest rates.
Difficult for the ECB to cut interest rates significantly
Even if inflation has shown a promising downward trend in recent months, the remaining path to the 2% target is likely to be bumpy. In any case, structural factors such as ongoing de-globalisation and the energy transition should drive up costs for companies and ultimately consumer price inflation.
If the effects of a particularly tight labour market also take effect, this is a further argument for upside risks and inflation settling at a higher level. This should make it difficult for the ECB to cut interest rates significantly, as many expect.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
US Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
Silver (XAG/USD) is trading lower in an otherwise calm market session on Thursday.
Gold (XAU/USD) attracts buyers for the second consecutive day and surges past the $4,100 mark to hit a nearly two-week high during the Asian session on Wednesday.
Bitcoin Price Forecast: Persistent ETF inflows, easing Middle East tensions lift risk appetiteBitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
Bitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
