Expectations are full! Just next week, the ECB will take the lead in starting a cycle of interest rate cuts
The ECB's interest rate cut in June was fixed, but Deutsche Bank believes that the ECB is still plagued by high inflation, weak growth, upward pressure on wages, and exchange rate fluctuations. It is expected that it will not cut interest rates month by month but only once every quarter.
Eurozone CPI rebounds to 2.6% year on year in May as ECB considers cutting interest rates next week
Expectations of interest rate cuts declined further after the data was released. The Eurozone money market now prices that the ECB will cut interest rates by less than 55 basis points in 2024, while before the inflation data was released, it was about 57 basis points.
National Bureau of Statistics: The official manufacturing PMI was 49.5% in May, and enterprise production continued to expand
The production and operation activities of enterprises have maintained the trend of resuming development
Be wary of rising inflation! Expectations that the ECB will cut interest rates again after cutting interest rates in June may be lowered
Nearly three-quarters of respondents said that the Eurozone has its own inflation dynamics and is not just lagging behind the US. However, only 6% think the ECB can completely break away from the Federal Reserve in setting interest rates.
ECB Seen Making Fewer Rate Cuts in Fight to Curb Inflation Risks
Economists are dialing back their expectations for how far the European Central Bank will lower interest rates after it starts cutting next week, according to a Bloomberg survey.
Eurozone May Grow Slowly as Confidence Creaks Higher -- Market Talk
A weak rise in confidence among eurozone consumers and business points to anemic growth in the bloc, Lily Millard at Capital Economics writes in a note.
Eurozone Firms, Consumers Proffer Sunnier Mood in May
Confidence among consumers and businesses alike improved in the eurozone this month as the bloc looks increasingly sure of a soft landing from recent years' high inflation and interest rates.
Eurozone Unemployment Reaches New Low
The eurozone's unemployment rate fell to a record low in April, a sign that the jobs market is stronger than the European Central Bank had anticipated as it prepares to cut its key rate next week.
Italian Unemployment Rate Unexpectedly Falls to 6.9% in April
Italy's unemployment rate came in at 6.9% in April, down from the revised 7.1% in March, the national statistics agency Istat said Thursday.
Spanish Inflation Accelerates for Third Month as Energy Aid Ends
Spanish inflation quickened for a third month as the rollback of government support to contain energy crisis continued to push prices higher.
Spanish Inflation Rises Again
Consumer prices rose at a faster rate in Spain this month, adding to signs that Europe's battle against inflation isn't yet won.
ECB Expected to Follow Up June Rate Cut With Reduction in September -- Market Talk
The European Central Bank is set to initiate monetary policy easing with a 25 basis point interest-rate cut on June 6 but it will wait until September before considering reducing rates again, given prevailing inflation risks, Jussi Hiljanen, chief strategist for euro and dollar rates at SEB Research, says in a note.
The European Bank Management Committee said that interest rate cuts will begin gradually soon, and actions after June will depend on data
ECB Governing Council member Nott said that the region “soon” will be the time to relax monetary policy, but he warned that this process needs to be carried out slowly to control inflation. He said that it is still impossible for the ECB to promise a specific path to cut interest rates in the second half of this year, and actions after June will depend on data.
Eurobonds are issued at a record pace and have broken the 1 trillion euro mark since this year
The amount of Eurobonds issued since this year has surpassed the 1 trillion euro (1.1 trillion US dollars) mark, more than a week before reaching this record.
German Inflation to Move Sideways in Coming Months on Hot Services Prices -- Market Talk
German services inflation remains an issue for the European Central Bank, DWS economist Ulrike Kastens says in a note.
German Inflation Rebound Shows Risk to ECB of Prices Heating Up Again -- Market Talk
The increase in German inflation in May is a good reminder of how difficult the last mile of bringing inflation sustainably back to 2% will be for the European Central Bank, ING economist Carsten Brzeski says in a note.
German Inflation Edges Up Again, Highlighting ECB Challenge
German inflation quickened for a second month – underscoring the task for the European Central Bank to achieve its 2% target as it prepares to lower interest rates next week.
Germany Annual CPI Inflation Rises to 2.4% in May as Expected
Inflation in Germany, as measured by the change in the Consumer price Index (CPI), rose to 2.4% on a yearly basis in May, Germany's Destatis reported on Wednesday.
The ECB's interest rate cut in June is a foregone conclusion. Most economists expect September and December to cut interest rates as well
According to a Reuters survey of 82 economists, the ECB's interest rate cut on June 6 seems to be a foregone conclusion, and most of them expect to cut interest rates twice in September and December.
German Regional Data Suggests Cooler-Than-Expected Inflation -- Market Talk
Data from Germany's regions suggests both German and eurozone inflation might come in a bit lower than expected, Capital Economics economist Franziska Palmas says in a note.