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centurionmegawaysfree| ECB Noether: growing confidence in anti-inflation

Home 2024年04月30日 07:18 5 editor

Klaas Knot, the Dutch policy maker, said eurozone inflation was falling to 2 per cent and geopolitical pressures posed only a modest risk, but the ECB should proceed cautiously after its first interest rate cut in June.

The ECB has almost promised to cut interest rates on June 6, and policymakers are now discussing how to cut rates in the coming months. After the rise in oil prices and unexpectedly high US inflation data, the Federal Reserve (Federal Reserve) delayed the launch of its own.CenturionmegawaysfreeThe possibility of a loose cycle.

"I am increasingly confident in the anti-inflationary process," Mr Nott said in an interview on Monday, adding that a June rate cut would be realistic if price and wage data continued to meet expectations.

But Nott is more cautious about the next steps.

Centurionmegawaysfree"after June, I would like to say that there is no prior commitment to any specific time path," he said. "

centurionmegawaysfree| ECB Noether: growing confidence in anti-inflation

Mr Nott stressed the relevance of the quarterly data, but did not hint as before that the ECB could also cut interest rates when it released new forecasts in September and December.

However, he also played down the importance of the Fed delaying interest rate cuts.

Some argue that the Fed's hesitation could weaken the euro, push up imported inflation and force the ECB to delay action.

In fact, the market is now expected to cut interest rates by just 66 basis points this year, compared with well over 100 basis points more than a month ago.

"if the root cause of the devaluation of the euro is the Fed's tightening of monetary policy, then tighter monetary policy could also lead to a rise in global bond yields and spread to the eurozone, a spillover effect that will dampen inflation," Nott said. "

"therefore, I don't think this factor should be overestimated."

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