ECB's Nagel: No rate cut talks before Q2's data - Breaking The News

ECB's Nagel: No rate cut talks before Q2's data

23 February

1 min read

EPA-EFE/JAVIER LIZON

Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank President Joachim Nagel spoke on Friday against the former institution cutting the key interest rate before receiving economic updates for the second quarter of 2024.

Speaking to reporters at a Bundesbank press conference, Nagel insisted that only after that the council will be able to start discussing the rates. He also predicted that inflation in the Eurozone will remain above the target of 2% in the next few months.

Earlier in the day, member of the ECB Executive Board Isabel Schnabel hinted at a possibility of the peak of the "tightening impact" of restrictive monetary policies nearing its end.

ecb bundesbank buba nagel

Villeroy: ECB likely to cut rates further this year

2 hours ago

Member of the European Central Bank (ECB) Governing Council and Bank of France Governor Francois Villeroy de Galhau said on Wednesday that the ECB is near to reaching its target inflation but is likely to cut interest rates further this year."We can now almost say: 'mission accomplished," Villeroy stated at the Atlantic Council in Washington, DC. "It is therefore both fair and appropriate that, compared to the Federal Reserve or the Bank of England, the European...

Nagel: Germany might enter recession in 2025

10 hours ago

Member of the European Central Bank (ECB) Governing Council and Bundesbank President Joachim Nagel stated on Wednesday that Germany entering a recession in 2025 cannot be excluded, but insisted that its economy "will do much better" in the coming years.Speaking to Bloomberg, Nagel praised the fiscal stimulus the government adopted this year, saying it sends "an important message" that Germany "is doing its homework." He expressed his certainty...

Kazimir: ECB close to hitting inflation target

22 April

European Central Bank (ECB) Governing Council member Peter Kazimir stated on Tuesday that the European Central Bank (ECB) is close to hitting its inflation target and expressed confidence that the achievement will come in the next months. "A series of cuts in key interest rates has moved us into the so-called neutral zone. This means that the European Central Bank's monetary policy stance is no longer restrictive and does not hamper economic activity," as...

ECB survey: 2025 inflation expected to stand at 2.2%

22 April

Headline inflation in the Eurozone is expected to stand at 2.2% in 2025, 0.1 percentage points higher than the previous forecast, according to the latest European Central Bank's Survey of Professional Forecasters (SPF) released on Tuesday. As for 2026, inflation is projected to come in at 2%, an increase of 0.1 percentage points compared to the previous forecast, while predictions for 2027 remained unchanged at 2%.Gross domestic product (GDP) growth is...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.