Monetary policy decisions

Monetary policy decisions

From ecb.europa.eu

The Governing Council today decided to keep the three key ECB interest rates unchanged. The incoming information has broadly confirmed its previous assessment of the medium-term inflation outlook. Aside from an energy-related upward base effect on headline inflation, the declining trend in underlying inflation has continued, and the past interest rate increases keep being transmitted forcefully into financing conditions. Tight financing conditions are dampening demand, and this is helping to push down inflation. The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a ... (full story)

Added at 7:16am

Christophe Barraud @C_Barraud
#ECB LEAVES MARGINAL LENDING FACILITY AT 4.75%; EST. 4.75% - BBG
*ECB LEAVES DEPOSIT FACILITY RATE AT 4.00%; EST. 4.00%
*ECB LEAVES MAIN REFINANCING RATE AT 4.50%; EST. 4.50% Jan 25, 2024 7:15am

Added at 7:17am

Cable FX Macro @cablefxmacro
*ECB: PAST RATE INCREASES BEING TRANSMITTED FORCEFULLY

*ECB: TIGHT FINANCING CONDITIONS ARE DAMPENING DEMAND

*ECB: DAMPENING DEMAND HELPING TO PUSH DOWN INFLATION

*ECB: RATE LEVEL MUST BE MAINTAINED FOR SUFFICIENTLY LONG TIME Jan 25, 2024 7:16am

Added at 7:20am

Christophe Barraud @C_Barraud
#ECB TO SET SUFFICIENTLY RESTRICTIVE POLICY AS LONG AS NEEDED - BBG
*ECB: RATE LEVEL TO MAKE SUBSTANTIAL CONTRIBUTION TO REACHING 2%
*ECB TO FOLLOW DATA-DEPENDENT APPROACH IN DETERMINING RATE PATH
*ECB: DECLINING TREND IN UNDERLYING INFLATION HAS CONTINUED
*ECB: PRICE OUTLOOK, UNDERLYING DYNAMICS, TRANSMISSION ARE KEY
*ECB: DAMPENING DEMAND HELPING TO PUSH DOWN INFLATION Jan 25, 2024 7:17am

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Trader#8612

Jan 25, 2024 7:20am

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Quoting hesron

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so no more cut rate 2024 ....

Ignored

What? Rate cuts are coming. If Fed is cutting rates than ECB will also. Come on... you know the drill. Fed is the boss and every other CB follows suit.

hesron

Jan 25, 2024 7:30am

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Quoting Banditten

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{quote} Where do you see that? Thats not my reading of these 5 lines. Wait for the boss to shout it out.

Ignored

if inflation still not stable and reach target ........ EURO in dangerous situation now .... all worst can be happen

Momofrmnyc

Jan 25, 2024 7:26am

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I'm not sure what data they're looking at but I do know data recently coming out of the EURO bloc has been showing material weakness that keeps building.

Let's see how they try to "spin" all the negatives as a positive.