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  • 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 8:16am

Added at 8:18am

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Added at 8:19am

Why this much cut?
My bad it was actually 0.6 lmao
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.
Good job from ECB. Now the FED needs to cut 50 basis points two times in a row starting next week.
Quoting TrAndy1
Good job from ECB. Now the FED needs to cut 50 basis points two times in a row starting next week.
They will in my opinion. The same happened on their first rate cut in 2007. on the same data.
Quoting TrAndy1
Good job from ECB. Now the FED needs to cut 50 basis points two times in a row starting next week.
Complete fantasy
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
The only rate we need to be concerned about is the deposit facility rate which they cut my 25bp, the rest won't affect FX markets.
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