EZ Monetary Policy Statement
It's the primary tool the ECB uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions;
The ECB usually changes the statement slightly at each release. It's these changes that traders focus on. Source first released in Mar 2016;
- History
Expected Impact / Date | Description |
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Jun 6, 2024 | |
Apr 11, 2024 | |
Mar 7, 2024 | |
Jan 25, 2024 | |
Dec 14, 2023 | |
Oct 26, 2023 | |
Sep 14, 2023 | |
Jul 27, 2023 | |
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- EZ Monetary Policy Statement News
Further reductions of European Central Bank borrowing costs may risk a stronger impact on the euro exchange rate and inflation, according to Governing Council member Robert Holzmann. “If the original assumption of three rate cuts were to materialize, and the Federal Reserve didn’t respond, it would certainly have an impact on the exchange rate, and with it inflation,” Holzmann told public broadcaster ORF in a radio interview aired Saturday. He said the ECB’s first rate move on Thursday didn’t yet make him concerned on the matter. ...
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 HOLZMANN CONFIRMS HE DISSENTED ON THE RATE CUT VOTE ON THURSDAY.
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
post: *LAGARDE: ECONOMY TO CONTINUE TO RECOVER - BBG *LAGARDE: MANUFACTURING SHOWING SIGNS OF STABILIZATION *LAGARDE: SURVEYS POINT TO CONTINUED JOB GROWTH IN NEAR TERM post: *LAGARDE: DOMESTIC INFLATION REMAINS HIGH - BBG *LAGARDE: WAGES RISING AT ELEVATED PACE *LAGARDE: LABOR COSTS WILL LIKELY FLUCTUATE DUE TO ONE-OFFS *LAGARDE: WAGE GROWTH WILL MODERATE OVER COURSE OF YEAR *LAGARDE: PROFITS ABSORBING PART OF WAGE INCREASES post: ECB’S LAGARDE: INFLATION TO FLUCTUATE AROUND CURRENT LEVELS FOR REST OF YEAR ECB’S LAGARDE: INFLATION WILL THEN DECLINE TOWARDS TARGET IN 2H25 ECB’S LAGARDE: RISKS TO GROWTH BALANCED IN NEAR TERM
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.
Released on Jun 6, 2024 |
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- Details