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.

wallstreetcnMay 31 05:39 ET

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.

Zhitong FinanceMay 30 20:55 ET

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.

BNN BloombergMay 30 18:22 ET

Bank of England downsizing “pulls” cash demand from liquid banks to record high for six consecutive weeks

The Bank of England has borrowed Bank of England cash for the sixth week in a row.

Zhitong FinanceMay 30 06:46 ET

EUR/GBP Exhibits Volatility Contraction Ahead of Eurozone Inflation

EUR/GBP stays sideways near 0.8500 as investors await the Eurozone Inflation data.

FXStreetMay 30 06:06 ET

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.

WSJMay 30 05:40 ET