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

Ifo predicts: The European Cup may drive Germany's Q2 economic growth by 0.1%.

According to data from the Ifo Institute, the month-long European football championship that opened in Germany on Friday is expected to boost the German economy by 0.1% in the second quarter. In a report, Ifo researcher Gerome Wolf said: 'However, this impact will only be temporary, which means that due to the return of tourists after the end of the 2024 European Cup, German service exports may decline again in the third quarter, overall unchanged.' Ifo said that large-scale sports events usually have 'relatively small effects, except for the tourism industry,' and compared it to the 2 held in Germany.

Zhitong FinanceJun 14 03:27 ET

Swedish Core Inflation Unexpectedly Speeds Up as Taylor Swift Fans Boost Hotel Prices

Sweden’s core inflation rate unexpectedly increased for the first time in more than a year in May, in a setback for the Riksbank after it started reducing borrowing costs.

BNN BloombergJun 14 03:04 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