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 |
|---|---|
| Sep 12, 2024 | |
| Jul 18, 2024 | |
| Jun 6, 2024 | |
| Apr 11, 2024 | |
| Mar 7, 2024 | |
| Jan 25, 2024 | |
| Dec 14, 2023 | |
| Oct 26, 2023 | |
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- EZ Monetary Policy Statement News
From corporate.nordea.com|Sep 12, 2024The ECB cut the deposit rate by 25bp, thus confirming the quarterly pace of cuts. We think this pace will be maintained, and still see the deposit rate at 2.25% at the end of next year. Financial markets are pricing in faster and steeper cuts. • The ECB cut the deposit rate by 25bp, in line with expectations, and repeated the central bank remains in a data-dependent mode and a meeting-by-meeting setup. • The quarterly pace for 25bp cuts has been set, and we expect this pace to be maintained until rates hit 2.25% by the end of 2025. • ...
From @financialjuice|Sep 12, 2024post: ECB'S PRESIDENT LAGARDE: THE DECISION WAS UNANIMOUS. post: ECB LAGARDE: WILL BE SUFFICIENTLY RESTRICTIVE FOR AS LONG AS NEEDED post: ECB's Lagarde: Will Know Better Where R* Is As We Get Closer, Not Endorsing Staff Paper's Estimate Of R*
From @financialjuice|Sep 12, 2024|3 commentspost: ECB'S PRESIDENT LAGARDE: BASED ON SURVEYS, RECOVERY IS FACING HEADWINDS. post: ECB'S LAGARDE: BASED ON SURVEYS, RECOVERY FACING HEADWINDS || SAYS RECOVERY TO STRENGTHEN ECB'S LAGARDE: FADING MONETARY POLICY RESTRICTION SHOULD SUPPORT ECON || SAYS LABOUR MARKET RESILIENT post: ECB’s Lagarde: Negotiated Wage Growth Will Remain High And Volatile For Rest Of 2024 - Overall Labour Cost Growth Moderating
From ecb.europa.eu|Sep 12, 2024|3 commentsECB 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 12 September 2024 at 14:45 CET in Frankfurt am Main.
From ecb.europa.eu|Sep 12, 2024|6 commentsThe 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 and 1.9% in 2026, as in the June projections. Inflation is expected to rise again in the latter part of this year, partly because previous sharp falls in energy prices will drop out of the annual rates. Inflation should then decline towards our target over the second half of next year. For core inflation, the projections for 2024 and 2025 have been revised up slightly, as services inflation has been higher than expected. At the same time, staff continue to expect a rapid decline in core inflation, from 2.9% this year to 2.3% in 2025 and 2.0% in 2026. post: 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% post:
ECB: INFLATION IS EXPECTED TO RISE AGAIN IN THE LATTER PART OF THIS YEAR post: 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. post: ECB CUTS GROWTH FORECASTS FOR EVERY YEAR THROUGH 2026 ECB: INFLATION IS EXPECTED TO RISE AGAIN IN THE LATTER PART OF THIS YEAR
From money.usnews.com|Sep 12, 2024The European Central Bank is almost certain to cut interest rates again on Thursday, but with inflation risks simmering despite anaemic growth, investors will be combing its message for clues on further easing. The ECB lowered its deposit rate to 3.75% in June and an array of policymakers have already backed another cut, suggesting their debate is likely to focus on how quickly borrowing costs need to fall in subsequent meetings. The likely outcome is that ECB President Christine Lagarde will stick to the bank's recent narrative that ...
From cnbc.com|Sep 11, 2024The European Central Bank on Thursday is set to slash rates again by 25 basis points just days ahead of the U.S. Federal Reserve beginning its own rate-cutting cycle. Traders are widely anticipating an interest rate cut at the Federal Reserve’s Sept. 17-18 meeting, as well as at the ECB’s meeting this week. “The rate cut this Thursday should be largely uncontroversial,” Holger Schmieding, the chief economist at Berenberg Bank, told CNBC in an email to clients. “Virtually all recent ECB speakers have confirmed that they would like to ...
From econoday.com|Sep 9, 2024Following July’s pause, the ECB is widely seen resuming its easing path this week. Falling inflation, a strengthening euro and an expected Federal Reserve rate cut next week provide all the scope needed while a still very sluggish economy offers plenty of justification. Although there may be some reluctance on the part of the hawks, most Governing Council (GC) members are likely to favour a second 25 basis point cut that would put the key deposit rate at 3.50 percent. However, the central bank is also likely to repeat the recent ...
| Released on Sep 12, 2024 |
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