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CNH/EUR News
ECB Governing Council: June is the right time to cut interest rates and be open to the possibility of future action
ECB Governing Council member and Bank of Slovenia Governor Bostjan Vasle said on Friday that June may be the right time to start cutting interest rates and is open to subsequent actions.
ECB's Vasle Open to Possibilities After 'Reasonable' June Cut
European Central Bank Governing Council member Bostjan Vasle said next month is probably the appropriate moment to begin lowering interest rates and that he’s keeping an open mind on what to do after that.
ECB Could Cut Twice This Summer, Unless Oil Surges -- Market Talk
Two interest-rate cuts in two months could be on the cards for the eurozone unless oil prices spike and drive energy inflation higher, Claus Vistesen at Pantheon Macroeconomics writes in a note.
ECB's Schnabel Lobbies Against Back-to-back Rate Cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.
ECB Executive Director Schnabel: There is no need to cut interest rates continuously in June and July and be wary of the risk of premature relaxation
ECB Executive Board member Isabel Schnabel warned against successive interest rate cuts in June and July.
The ECB Executive Committee said it was appropriate to cut interest rates in June, but there is no need to cut interest rates in July!
ECB Executive Director Schnabel said that cutting interest rates in June is appropriate, but according to current data, there seems to be no need to cut interest rates in July; a cautious attitude should be taken. Inflation risks are still biased upward. If the easing process is put ahead, there is a risk of premature easing.
French Unemployment Rate Remains at 7.5% in Q1
France's unemployment rate stood at 7.5% in the first quarter, unchanged from the prior three-month period, the statistics agency Insee said Friday. Analysts expected a 7.4% rate for the quarter.
ECB's Schnabel Says July Cut Doesn't Look Warranted
European Central Bank Executive Board member Isabel Schnabel warned against back-to-back interest-rate cuts in June and July.
ECB's Villeroy Says Probability of June Rate Cut 'Significant'
Bank of France Governor Francois Villeroy de Galhau said it’s very probable that the European Central Bank will start cutting interest rates at its June 6 meeting.
Eurozone Nations Face Tough Task Ahead Getting Deficits Under Control -- Market Talk
The latest European Commission forecasts provide a gloomy fiscal picture, with expectations of a higher deficit for the eurozone, including for major countries like France and Italy, HSBC economist Fabio Balboni says.
ECB: Eurozone Financial Stability Improves Amid Cooling Inflation, Lower Recession Risks
Financial stability in the euro area has improved, thanks to a continued decline in inflation and reduced recession risks as investor sentiment rebounds, the European Central Bank said Thursday.
Spain's Tourism Industry Keeps Adding Jobs -- Market Talk
Tourism continues to boost Spain's jobs market, making up some of the highest proportions of total jobs on record.
ECB Says Risks to Financial Stability Have Eased as Threat of Recession Recedes
The eurozone's financial system faces less acute threats to stability as it appears increasingly unlikely that the currency area's economy will slide into a deep recession, the European Central Bank said.
Eurozone Industrial Production Seems to Be Tentatively Bottoming Out, With Modest Recovery Seen in H2, Says ING
Eurozone industrial production (IP) Wednesday increased 0.6% m/m in March after also growing in February, noted ING.
Traders Ramp Up Bets in Options Market on Large ECB Rate Cuts
A flurry of trades betting on large interest-rate cuts from the European Central Bank is showing up in the options market.
Is the soft landing on track? Eurozone GDP grew 0.4% year-on-year in the first quarter
The EU said that the Eurozone's soft landing is on track, inflation is falling faster than previously expected, and predicts 0.8% GDP growth in 2024.
Eurozone Industry to Pick Up in Second Half of 2024 -- Market Talk
Eurozone industrial production seems to be tentatively bottoming out, despite not having broken out of its subdued trend that started in 2022, according to ING economist Bert Colijn.
Eurozone Inflation Set to Ease Faster, EU Says -- Update
The eurozone's annual rate of inflation is set to fall faster than previously expected as economic growth remains anemic, and hit the European Central Bank's target earlier in 2025, the European Union forecast.
Eurozone's Monthly Industrial Output Rises 0.6% in March
The eurozone's industrial production increased 0.6% month over month in March, against the 1% rise in February, Eurostat data showed Wednesday.
French Inflation Looks Stable Now -- Market Talk
French inflation has little room to fall, says Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics.