ECB Executive Board member Kazaks: If inflation data is good, will support the market's expectation of ECB interest rate cuts.

On Friday, Martin Kazaks, a member of the European Central Bank's committee, stated that if inflation continues to slow down as expected, the ECB may continue to lower interest rates in line with market expectations.

Zhitong FinanceJun 14 07:02 ET

ECB's Vasle: Possible for More Rate Cuts If Baseline Scenario Holds

The European Central Bank (ECB) policymaker Bostjan Vasle said on Thursday, it is “possible for more rate cuts if baseline scenario holds.”

FXStreetJun 13 03:31 ET

The baseline scenario of ECB Governing Council member Vasle points to further interest rate cuts within this year in Europe.

Bostjan Vasle, a member of the European Central Bank's Governing Council, said there is a possibility of further interest rate cuts if the bank's expectations of a further slowdown in inflation become a reality. "If the baseline scenario becomes a reality and the data is ideal, then we may expect interest rates to continue to be cut over the next two years," said Vasle, who is also the governor of the Central Bank of Slovenia, in an interview with Finance. "Otherwise, it is wise to take further action at a later time." Last week, the European Central Bank lowered borrowing costs by 25 basis points but also raised its inflation forecast for 2024 and 2025. This decision has caused investors...

環球市場播報Jun 13 03:26 ET

European Central Bank Committee: Core inflation in the euro zone is still very challenging.

European Central Bank Executive Board member Nowotny stated that the potential consumer price index growth in the Eurozone is proving to be stubborn.

Zhitong FinanceJun 12 20:30 ET

The European Central Bank said that the euro's share in global foreign exchange reserves dropped due to the impact of the Russia-Ukraine war.

According to a report by the European Central Bank, the share of the euro in the global official currency holdings fell to its lowest level since 2017 last year. In the past year, the euro-denominated assets held by countries decreased by about 1 percentage point, pushing the euro's share in forex reserves to 20% at the end of the fourth quarter. It was 21% in 2022 and 19.2% in 2017. The European Central Bank stated that potential reasons for the decline in the popularity of the euro mentioned in the report include the Russia-Ukraine war and the Swiss National Bank's currency intervention. The report pointed out that about 40% of Russia's forex reserves are in euros. As of the end of last year, the total amount of assets held by the European Central Bank was about 4.9 trillion euros.

環球市場播報Jun 12 11:30 ET

China Post Securities: ECB cut interest rates, raising inflation expectations for 2024 and 2025 higher than expected, without making any commitment to future rate paths.

ECB President Lagarde said that the decision to cut interest rates was supported by historical data, while the upward adjustment of inflation expectations was a judgement on the future, and the two were not contradictory.

Zhitong FinanceJun 11 23:04 ET