The euro rose slightly during the day as inflation data may cause the ECB to be cautious

GLONGHUI, May 31 | Matthew Ryan, head of market strategy at global financial services company Ebury, said the data showed that the Eurozone CPI rose to 2.6% year on year from 2.4% in April, which indicates that the ECB may be cautious about further interest rate cuts after expecting interest rate cuts next week, and the euro rose as a result. He said that the overall inflation rate and core inflation rate are higher than expected, which will “give ECB Governing Council members some headache, and will undoubtedly bring new uncertainty to the ECB's interest rate trend.” He said that the swap market currently does not fully reflect the ECB's December

Gelonghui FinanceMay 31 20:19

Penson Macro: Rising inflation in the Eurozone will kill the possibility that the ECB will cut interest rates a second time in the summer

GLONGHUI, May 31 | Penson macroeconomist Claus Vistesen said in a report that higher-than-expected inflation in the Eurozone in May completely killed hopes for the ECB to cut interest rates for the second time in the summer. He stressed that the service sector inflation rate jumped to 4.1% from 3.7% in April, which indicates that the core inflation rate will become sticky in the future. He commented that the May data is almost certainly due to the reversal of the impact of Easter in March and the base effect in the transportation industry with the arrival of the 12-month anniversary of the introduction of discount tickets in Germany. “Having said that, this is a dovish of the ECB

Gelonghui FinanceMay 31 20:01

Swiss Franc on Track for Best Week of 2024 After SNB Warning

The Swiss franc is about to finish its best week of the year against the euro after the central bank hinted at possible action to bolster the currency.

BNN BloombergMay 31 19:55

On May 31, ECB Governing Council Fabio Panetta said that the ECB should not delay cutting interest rates if doing so may cause it to have to take more aggressive action later. “Even if key interest rates are lowered a few times, the monetary policy stance

On May 31, ECB Governing Council Fabio Panetta said that the ECB should not delay cutting interest rates if doing so may cause it to have to take more aggressive action later. “Even if key interest rates are lowered a few times, the monetary policy stance will still be tight,” Panetta said. “When planning a path to cut interest rates, we should keep in mind that decisive and gradual action is better than acting hastily to contain macroeconomic fluctuations.”

Zhitong FinanceMay 31 19:47

The unexpected rise in inflation in the Eurozone in May prompted the ECB to carefully consider the pace of future interest rate cuts

GRONGHUI, May 31 | Data released on Friday showed that inflation in the Eurozone rose in May, indicating that the ECB is still facing a slow and uncertain process in controlling prices. Although a higher-than-expected increase in inflation is unlikely to prevent the ECB from cutting borrowing costs from record highs next week, it may give the ECB more reason to suspend interest rate cuts in July and slow down the pace of interest rate cuts in the coming months. Today's data is likely to echo higher-than-expected wage increases in the first quarter of this year. After years of wage increases below the level of inflation, wage increases in the first quarter of this year boosted consumers' disposable income.

Gelonghui FinanceMay 31 17:06

Eurozone CPI monthly rate of 0.2% in May, expected 0.20%, previous value 0.60%. The initial CPI rate for the Eurozone in May was 2.6%, expected to be 2.50%, and the previous value was 2.40%. The Eurozone core CPI was initially 2.9% per annum in May, expec

Eurozone CPI monthly rate of 0.2% in May, expected 0.20%, previous value 0.60%. The initial CPI rate for the Eurozone in May was 2.6%, expected to be 2.50%, and the previous value was 2.40%. The Eurozone core CPI was initially 2.9% per annum in May, expected to be 2.8%, and the previous value was 2.8%.

Zhitong FinanceMay 31 17:01