The Vice President of the European Central Bank, Godos, stated that fluctuations in oil prices will not affect the decline in inflation.
On June 24, Glonghui reported that European Central Bank Vice President Guindos stated that the recent fluctuations in commodity prices caused by the conflict between Israel and Iran would not change the inflation outlook for the Eurozone. Guindos said on Tuesday, "If oil prices rise - but it seems that oil prices are somewhat under control - this is a problem we have to consider. But the process of inflation declining is anchored. From what we see today, this process has not gone off track, not at all." Guindos mentioned that officials are satisfied with the trend of consumer prices, as the growth rate of consumer prices has fallen from record highs to just below the ECB’s target of 2%.
The latest "shopping cart" of global central banks has been revealed: Gold, Euro, and Renminbi have become the new favorites!
A recent authoritative survey shows that central banks around the world are starting to double down on Gold, increasing their Shareholding in euros and renminbi, while last year's most popular dollar has now fallen out of favor.
German Business Sentiment Climbs as Expectations Brighten -- Update
German Ifo Business Climate Improves in June
A member of the European Central Bank has sent a significant signal: a window for interest rate cuts may open in the next six months, while inflation expectations remain moderate.
Francois Villeroy de Galhau, a member of the European Central Bank management board, reiterated in an exclusive interview that the European Central Bank still retains the policy space to initiate interest rate cuts within the next six months.
Australia's Manufacturing Conditions Show Modest Gains in June Quarter, ACCI-Westpac Survey Shows
