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Phillip Lane (Dublin, 1959) is one of the six members of the Executive Board of the European Central Bank , along with President Christine Lagarde and Vice President Luis de Guindos . Lane speaks softly and precisely. It is evident that he makes an effort to choose his words well, and not only because at the time of the interview given to El Confidencial, on April 30, there were only five weeks left until the next ECB monetary policy meeting, in which Everyone expects a drop in interest rates from the current 4.5% . It would be the first since December 2015. If it occurs, it will put an end to the stage of increases that began in July 2022, to contain inflation that worsened considerably after the Russian invasion of Ukraine in February of that year, but that had already been several months above the 2% target. Lane makes it clear that his level of confidence in a lowering of the price of money has increased in the last month and admits that it would be a surprise if this did not occur but he also sends other messages. Although he rejects any specific comm post: LANE FROM ECB: APRIL SLOWDOWN IN SERVICES INFLATION MARKS SIGNIFICANT PROGRESS post: ECB'S LANE: CONFIDENCE ON INFLATION IMPROVING post: ECB'S LANE: EXAGGERATING IMPACT OF ECB, FED DIVERGENCE NOT NECESSARY post: ECB'S LANE: FED DECISIONS HAVE LIMITED IMPACT ON EURO AREA
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Silver has seen a significant rise in its value in 2024, with prices soaring from $22.55 USD/oz in February to a peak of $29.90 USD/oz on April 12th, reflecting a dynamic shift in market conditions and investor sentiment. The big problem that the silver market is facing currently is the (too) high number of speculators positioned on the long side. ...