EZ ECB Press Conference
It's the primary method the ECB uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy;
The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The press conference is webcasted on the ECB website with a slight delay from real-time. Source changed release frequency from monthly to eight times per year as of Jan 2015;
- History
Expected Impact / Date | Description |
---|---|
Jun 6, 2024 | |
Apr 11, 2024 | |
Mar 7, 2024 | |
Jan 25, 2024 | |
Dec 14, 2023 | |
Oct 26, 2023 | |
Sep 14, 2023 | |
Jul 27, 2023 | |
-
- EZ ECB Press Conference News
The ECB expectedly cut rates by 25bp today, but refrained from giving clear signals about the path ahead. That said, given that the new staff forecasts show inflation returning to target and that even after today’s move, rates remain at restrictive territory, further gradual rate cuts look likely ahead. At the same time, the ECB remains attentive of the remaining upside inflation risks, and is prepared to keep rates at restrictive levels for as long as necessary. Underlying inflation has also eased, reinforcing the signs that price ...
They did it. As analysed here, the European Central Bank cut interest rates by 25bp, bringing the deposit rate down to 3.75%. This did not come as a surprise and was indeed one of the best-telegraphed moves in monetary policy history, so the main question was whether the ECB would give any forward guidance on what is next. The short answer is ‘they didn’t’. For the longer answer, continue reading our three takeaways. During the period of surging inflation, the ECB very often had to focus on actual data, which contradicted what a ...
post: ECB'S PRESIDENT LAGARDE: THE DECISION WAS ALMOST UNANIMOUS APART FROM ONE GOVERNOR.
post: *LAGARDE: WOULDN'T SAY ECB IS MOVING IN DIALING-BACK PHASE post: ECB'S PRESIDENT LAGARDE: WE WILL NEED MORE DATA TO CONSTANTLY CONFIRM DISINFLATIONARY PATH. post: ECB'S PRESIDENT LAGARDE: WE'RE MORE RESTRICTIVE IN REAL TERMS THAN BACK IN SEPTEMBER. post: MORE ECB'S LAGARDE: I CANNOT CONFIRM THE THE 'DIALING BACK' PROCESS IS UNDERWAY, BUT THERE IS A 'STRONG LIKELIHOOD' THAT IT IS UNDERWAY #ecb #europeancentralbank #interestrates #inflation #eurozone #monetarypolicy #christinelagarde post: <EUR=>:*LAGARDE: SPEED, TIMING WILL BE DETERMINED BY DATA ?*LAGARDE: NEXT FEW MONTHS WILL BE BUMPY
ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 6 June 2024 at 14:45 CET in Frankfurt am Main.
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady. Since the Governing Council meeting in September 2023, inflation has fallen by more than 2.5 percentage points and the inflation outlook has improved markedly. Underlying inflation has also eased, reinforcing the signs that price pressures have weakened, and inflation expectations have declined at all horizons. Monetary policy has kept financing conditions restrictive. By dampening demand and keeping inflation expectations well anchored, this has made a major contribution to bringing inflation back down. post: #ECB CUTS DEPOSIT FACILITY RATE BY 25BPS TO 3.75%; EST. 3.75% - BBG *ECB CUTS MARGINAL LENDING FACILITY TO 4.50%; EST. 4.50% *ECB CUTS MAIN REFINANCING RATE BY 25BPS TO 4.25%; EST. 4.25% post: ECB SAYS ECB WILL CONTINUE TO REINVEST, IN FULL, PRINCIPAL PAYMENTS FROM MATURING SECURITIES PURCHASED UNDER PEPP UNTIL END OF JUNE 2024 || ECB SAYS OVER SECOND HALF OF YEAR, IT WILL REDUCE PEPP PORTFOLIO BY €7.5 BILLION PER MONTH ON AVERAGE ECB SAYS ECB INTENDS TO DISCONTINUE… post: ECB Not Pre-Committing To Any Particular Rate Path - Inflation Likely To Stay Above Target Well Into Next Year - Raises Inflation Forecasts For 2024, 2025European Central Bank cuts main interest rate by 0.25 points The European Central Bank has eased the pressure on borrowers across the eurozone after cutting its main interest rate for the first time in almost five years. The ECB reduced its deposit rate to 3.75% from a record high of 4%, putting it ahead of the US Federal Reserve and the Bank of England, which have yet to cut interest rates. Financial markets eagerly anticipated the first eurozone cut since September 2019, which will also affect the ECB’s main refinancing operations rate, which fell from 4.5% to 4.25%. City analysts had forecast the cut in borrowing costs at the ECB’s June meeting after signals that that the central bank was ready to offer more support to eurozone economies after a period of economic stagnation following the Russian invasion of Ukraine.
The European Central Bank on Thursday held interest rates steady for a fifth straight meeting and gave its clearest signal yet of an upcoming rate cut, despite uncertainty over the U.S. Federal Reserve’s next moves. “If the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase its confidence that inflation is converging to the target in a sustained manner, it would be appropriate to reduce the current level of ...
post: MORE ECB'S LAGARDE: WE ARE NOT GOING TO WAIT FOR INFLATION TO RETURN TO 2% BEFORE WE MAKE THE 'NECESSARY DECISIONS' #ecb #europeancentralbank #christinelagarde #interestrates #inflation post: MORE ECB'S LAGARDE: I KNOW ONE OR TWO GOVERNORS ARE KEEN 'ON THIS BALANCE OF RISK' ON INFLATION #ecb #europeancentralbank #christinelagarde #interestrates #inflation post: ECB'S PRESIDENT LAGARDE: I AM ATTENTIVE TO THE EVOLUTION OF OIL PRICES. post: MORE ECB'S LAGARDE: WE KNOW THAT WE WILL NOT HAVE A LINEAR DECLINE IN INFLATION AS WE RETURN TO TARGET IN 2025 #ecb #europeancentralbank #christinelagarde #interestrates #inflation post: ECB'S PRESIDENT LAGARDE: DISINFLATION PROGRESS IS COMFORTING US.
Released on Jun 6, 2024 |
---|
Released on Apr 11, 2024 |
---|
- Details