HKDEUR HKD/EUR
- 0.118230
- +0.000131+0.11%
HKD/EUR News
Be wary of rising inflation! Expectations that the ECB will cut interest rates again after cutting interest rates in June may be lowered
Nearly three-quarters of respondents said that the Eurozone has its own inflation dynamics and is not just lagging behind the US. However, only 6% think the ECB can completely break away from the Federal Reserve in setting interest rates.
ECB Seen Making Fewer Rate Cuts in Fight to Curb Inflation Risks
Economists are dialing back their expectations for how far the European Central Bank will lower interest rates after it starts cutting next week, according to a Bloomberg survey.
Eurozone May Grow Slowly as Confidence Creaks Higher -- Market Talk
A weak rise in confidence among eurozone consumers and business points to anemic growth in the bloc, Lily Millard at Capital Economics writes in a note.
Eurozone economic confidence grows as economic recovery strengthens
GLONGE, May 30 | Economic confidence in the Eurozone has improved as the Eurozone rebounds from a slight recession in the second half of last year. A sentiment indicator released by the European Commission on Thursday rose from 95.6 last month to 96 in May. The industrial confidence index and service sector index were better than in April, and the consumer confidence index also increased. According to the S&P Global Business Survey last week, economic recovery is on a steady footing, and private enterprise activity has reached its highest level in a year. The labor market also remains strong. Eurostat said on Thursday that the unemployment rate fell to 6.4% in April from 6.5% in March, while at the same time, due to inflation
Eurozone Firms, Consumers Proffer Sunnier Mood in May
Confidence among consumers and businesses alike improved in the eurozone this month as the bloc looks increasingly sure of a soft landing from recent years' high inflation and interest rates.
Eurozone Unemployment Reaches New Low
The eurozone's unemployment rate fell to a record low in April, a sign that the jobs market is stronger than the European Central Bank had anticipated as it prepares to cut its key rate next week.
Italian Unemployment Rate Unexpectedly Falls to 6.9% in April
Italy's unemployment rate came in at 6.9% in April, down from the revised 7.1% in March, the national statistics agency Istat said Thursday.
European Central Bank Faces Tough Decisions as Spanish Inflation Accelerates
GRONGHUI, May 30 | According to data released by the Spanish National Bureau of Statistics on Thursday, Spain's May CPI increased 3.8% year on year, an acceleration from the previous month, marking the third month in a row of rising inflation. In addition to the accelerated rise in prices in Spain, inflation in Germany also accelerated this month. Furthermore, inflation in France is also expected to rise in May. This trend shows that as the ECB strives to reduce inflation to a sustainable low level in the Eurozone, obstacles remain on the path to fighting inflation. Outsiders generally expect that the ECB will lower the benchmark interest rate at next week's policy meeting, but further interest rate cuts are still uncertain
Spanish Inflation Accelerates for Third Month as Energy Aid Ends
Spanish inflation quickened for a third month as the rollback of government support to contain energy crisis continued to push prices higher.
Spanish Inflation Rises Again
Consumer prices rose at a faster rate in Spain this month, adding to signs that Europe's battle against inflation isn't yet won.
ECB Expected to Follow Up June Rate Cut With Reduction in September -- Market Talk
The European Central Bank is set to initiate monetary policy easing with a 25 basis point interest-rate cut on June 6 but it will wait until September before considering reducing rates again, given prevailing inflation risks, Jussi Hiljanen, chief strategist for euro and dollar rates at SEB Research, says in a note.
The European Bank Management Committee said that interest rate cuts will begin gradually soon, and actions after June will depend on data
ECB Governing Council member Nott said that the region “soon” will be the time to relax monetary policy, but he warned that this process needs to be carried out slowly to control inflation. He said that it is still impossible for the ECB to promise a specific path to cut interest rates in the second half of this year, and actions after June will depend on data.
German Inflation to Move Sideways in Coming Months on Hot Services Prices -- Market Talk
German services inflation remains an issue for the European Central Bank, DWS economist Ulrike Kastens says in a note.
The rebound in German inflation shows that the ECB faces the risk of prices heating up again
GLONGHUI, May 29 | Dutch International Group economist Carsten Brzeski said in a report that the rise in Germany's inflation rate in May was a good reminder of how difficult it would be for the ECB to sustainably return the inflation rate to the last mile of 2%. He said that although anything other than cutting interest rates by 25 basis points next week would be a major accident, the debate has turned further to what will happen after interest rate cuts. He pointed out that Germany's inflation data shows that there is a real risk that price growth will accelerate again, at least for a central bank that defines price stability with an inflation rate of 2.0%
German Inflation Rebound Shows Risk to ECB of Prices Heating Up Again -- Market Talk
The increase in German inflation in May is a good reminder of how difficult the last mile of bringing inflation sustainably back to 2% will be for the European Central Bank, ING economist Carsten Brzeski says in a note.
German Inflation Edges Up Again, Highlighting ECB Challenge
German inflation quickened for a second month – underscoring the task for the European Central Bank to achieve its 2% target as it prepares to lower interest rates next week.
Express News | ECB interest rate cut is imminent, Eurocredit spreads may tighten
Germany Annual CPI Inflation Rises to 2.4% in May as Expected
Inflation in Germany, as measured by the change in the Consumer price Index (CPI), rose to 2.4% on a yearly basis in May, Germany's Destatis reported on Wednesday.
The ECB's interest rate cut in June is a foregone conclusion. Most economists expect September and December to cut interest rates as well
According to a Reuters survey of 82 economists, the ECB's interest rate cut on June 6 seems to be a foregone conclusion, and most of them expect to cut interest rates twice in September and December.
German Regional Data Suggests Cooler-Than-Expected Inflation -- Market Talk
Data from Germany's regions suggests both German and eurozone inflation might come in a bit lower than expected, Capital Economics economist Franziska Palmas says in a note.