ECB can continue to gradually lower rates, Panetta says
ROME - The European Central Bank can continue to gradually reduce interest rates without jeopardising the current fall in inflation, governing council member Fabio Panetta said on Tuesday.
"The reduction of official rates can proceed gradually, accompanying the return of inflation towards the objective, if macroeconomic trends remain in line with the ECB's expectations," Panetta said in a speech to bankers in Rome.He played down concerns over persistently high service sector prices, saying it was normal that they should fall with a lag compared to goods prices, and he said wage growth can also be expected to moderate.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB’s Wunsch: Barring major negative surprises, ECB has room for second rate cutEuropean Central Bank (ECB) policymaker Pierre Wunsch said in a Reuters interview that “barring major negative surprises, ECB has room for a second rate cut.” Additional quotes 'A small deviation from the projections would not change this view dramatically.
Read more »
ECB's Villeroy: Significant leeway to lower rates before exiting restrictive policyEuropean Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Tuesday that they have 'significant leeway' to lower rates before exiting the restrictive policy, per Reuters.
Read more »
Citi sees the Fed, the ECB, and the BOE all cutting rates in SeptemberCiti sees the Fed, the ECB, and the BOE all cutting rates in September
Read more »
Soft PMIs give 'data dependent' ECB another reason to cut rates againEU mid-market update: Soft PMIs give 'data dependent' ECB another reason to cut rates again; Record triple witching for US indices/options.
Read more »
EUR/GBP edges lower as mix Eurozone HICP keeps ECB’s policy outlook uncertainThe EUR/GBP pair falls back after failing to recapture the psychological resistance of 1.2500.
Read more »
ECB's Lane: Wage tracker shows much lower wage growth in 2025 and 2026European Central Bank (ECB) Chief Economist Philip Lane said on Thursday that the “wage tracker shows much lower wage growth in 2025 and 2026.” “Firms are telling us that wage pressures are coming down,” he added.
Read more »