European Central Bank officials have repeatedly poured cold water on the market, with board member Nagel stating that there may not be another rate cut in the short term.

According to the Zhītōng Cáijīng app, Joachim Nagel, President of the Deutsche Bundesbank and a member of the European Central Bank, said that the European Central Bank may not cut interest rates again for a period of time because it is observing how fast inflation will fall back to its target of 2%. Nagel said on Monday that policymakers must remain cautious as there is still high uncertainty surrounding the economy and price pressures are constantly evolving. He reiterated the European Central Bank's mantra that future decisions will be based on data and sequential meetings. Nagel said, "For example, I don't think we are standing at the top of the mountain, because we will inevitably come down from the mountain."

Zhitong Finance07:12 ET

Bank of Canada cuts rates ahead of time, analyst says interest rate spread may lead to depreciation of the Canadian dollar.

This week, the Bank of Canada cut its policy rate by 0.25 percentage points, but people began to question how much the gap between the key interest rates of the two countries would widen as it is expected that the Federal Reserve will hold the overnight interest rate steady until autumn.

FX678 Finance18:25 ET

ECB President Lagarde sounds the alarm: rate cuts are not the end point, the battle against inflation continues.

Zhītōng Cáijīng app learned that Christine Lagarde, President of the European Central Bank, made a speech on Friday, emphasizing that despite the recent lowering of borrowing costs by the Bank, the fight against inflation is far from over. She pointed out that while progress has been made in several areas, continuous efforts are still needed to completely eliminate inflationary pressures in the economy. President Lagarde particularly emphasized the importance of interest rate policies, believing that interest rates need to be restrictive for a long time to ensure long-term price stability. She used a vivid metaphor to illustrate this:"Even if we no longer step on the accelerator as hard as before, we still need to step on the brakes temporarily." However, while Lag

Zhitong FinanceJun 7 21:59 ET

The European Central Bank's preferred wage indicator unexpectedly accelerated, making the path of interest rate cuts difficult to predict.

According to Zhītōng Cáijīng APP, the preferred wage measure indicator of the European Central Bank - the per capita wage indicator in the euro area has unexpectedly increased at the beginning of 2024, which is the latest sign of continuing inflationary pressure in the region. This casts a shadow over the European Central Bank's interest rate cut path, and coupled with the officials of the European Central Bank who have promised to be cautious about further interest rate cuts, the market is difficult to predict the timing of the next rate cut. Data released by the European Central Bank on Friday showed that the average employee salary in the euro area in the first quarter increased by 5.1% over the same period last year, higher than the revised 4.9% in the fourth quarter of last year, and also higher than the 4% expected by economists.

Zhitong FinanceJun 7 07:29 ET

ECB's Holzmann: I Was the Only One Against a Rate Cut

European Central Bank (ECB) policymaker Robert Holzmann commented on being the only dissenter at the June monetary policy meeting.

FXStreetJun 7 05:10 ET

European Central Bank Committee Member Rehn: Interest rate cuts will support economic recovery.

Olli Rehn, a member of the European Central Bank's governing committee, said on Friday that inflation will continue to decline and interest rate cuts will support economic recovery.

Zhitong FinanceJun 7 05:00 ET