ECB's Schnabel: The economy could be hit by new supply-side shocks again
ECB'S SCHNABEL: THE ECONOMY COULD BE HIT BY NEW SUPPLY-SIDE SHOCKS AGAIN.— Breaking Market News (@financialjuice) November 21, 2023
ECB'S SCHNABEL: LONGER-TERM INFLATION EXPECTATIONS STILL SIGNAL RISKS.— Breaking Market News (@financialjuice) November 21, 2023
ECB'S SCHNABEL: I'M SEEING LIMITED PASS-THROUGH TO DEPOSIT RATES.— Breaking Market News (@financialjuice) November 21, 2023
ECB'S SCHNABEL: I'M SEEING STRONG TRANSMISSION OF POLICY TO BANK LENDING.— Breaking Market News (@financialjuice) November 21, 2023
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Uranium prices topped $80 a pound for the first time in more than fifteen years on renewed demand for nuclear power and disrupted supplies. Nymex futures tracking physical-market ...
The story of Germany in the years after the First World War is a striking reminder of how price stability and democracy go hand in hand. The historian Gerald Feldman famously called those troubled years ďthe Great DisorderĒ.[ 1 ] And although the relative contributions of the hyperinflation of the 1920s and the deflation of the 1930s are still debated, there is little doubt that wild swings in prices eroded the economic foundations of democracy. One of the ways in which price instability does this is by triggering large distributional effects, which often hurt the poorest in society the most. For example, ECB analysis finds that the spike in inflation over the last 18 months has disproportionately affected low-income households as they spend more of their income on necessities like energy and food, which saw surging prices.[ 2 ] These are fundamental reasons why, in most liberal democracies, central banks have been entrusted with mandates to preserve price stability. And at the ECB, we will never compromise on our mandate. That is why, in response to rising inflation, we raised interest rates at the fastest pace in our history, by 450 basis points in just over a year. And we will return inflation to our medium-term target in a timely manner. post: <EUR=>:*LAGARDE: NOT THE TIME TO START DECLARING VICTORY ON INFLATION *ECB'S LAGARDE: CAN ACT IF WE SEE RISING RISKS OF MISSING TARGET post: *LAGARDE: FUTURE DECISIONS CONDITIONAL ON INCOMING DATA *LAGARDE: CAN ALLOW SOME TIME FOR ECB POLICY TO UNFOLD post: ECB Pres Lagarde: Expect Headline Inflation To Rise Again Slightly
Iron-ore surged to its highest intraday price since February, with demand optimism growing as more details emerge about Chinaís latest economic stimulus drive. The steel-making ...
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The US Dollar is in freefall with DXY now down more than 3.1% since the start of November. The plunge takes the index towards multi-month trend support and the last line of ...
Canada is in a soft patch for inflation but letís not get carried away. Markets largely shook it all off as CAD strengthened a touch versus the USD and the 2-year yield climbed ...
post: ECBís Centeno: High Probability We've Reached Peak Rate post: ECB'S CENTENO: INFLATION IS FALLING FASTER THAN IT ROSE.