ECB Monetary policy decisions

ECB Monetary policy decisions

From ecb.europa.eu

The Governing Council today decided to lower the deposit facility rate – the rate through which it steers the monetary policy stance – by 25 basis points. Based on the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to take another step in moderating the degree of monetary policy restriction. Recent inflation data have come in broadly as expected, and the latest ECB staff projections confirm the previous inflation outlook. Staff see headline inflation averaging 2.5% in 2024, 2.2% in 2025 ... (full story)

Added at 7:16am

LiveSquawk @LiveSquawk
ECB Cuts Deposit Facility Rate By 25Bps To 3.50%, From 3.75%; As Expected
- Cuts Main Refinancing Rate By 60Bps To 3.65%
- Cuts Marginal Lending Facility By 60Bps To 3.90% Sep 12, 2024 7:15am

Added at 7:18am

*Walter Bloomberg @DeItaone
ECB: INFLATION IS EXPECTED TO RISE AGAIN IN THE LATTER PART OF THIS YEAR Sep 12, 2024 7:17am

Added at 7:19am

FinancialJuice @financialjuice
ECB: THE INTEREST RATE DECISIONS WILL BE BASED ON ITS ASSESSMENT OF INFLATION OUTLOOK IN LIGHT OF INCOMING ECONOMIC AND FINANCIAL DATA, DYNAMICS OF UNDERLYING INFLATION AND STRENGTH OF MONETARY POLICY TRANSMISSION. Sep 12, 2024 7:19am

Added at 7:19am

First Squawk @FirstSquawk
ECB CUTS GROWTH FORECASTS FOR EVERY YEAR THROUGH 2026

ECB: INFLATION IS EXPECTED TO RISE AGAIN IN THE LATTER PART OF THIS YEAR Sep 12, 2024 7:18am

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Silver-King

Sep 12, 2024 7:50am

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Quoting TrAndy1

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Good job from ECB. Now the FED needs to cut 50 basis points two times in a row starting next week.

Ignored

They will in my opinion. The same happened on their first rate cut in 2007. on the same data.

Silver-King

Sep 12, 2024 7:21am

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INFLATION IS EXPECTED TO RISE AGAIN IN THE LATTER PART OF THIS YEAR

And you cut by 60bps? Good job! Excellent job by the central banks yet again is enslaving us all with their precise monetary policy.