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Reuters
3 days ago
- Business
- Reuters
ECB's Schnabel sees no lasting decoupling from Fed
DUBROVNIK, Croatia, June 7 (Reuters) - Ongoing trade tensions between the United States and the rest of the world are a shock to the entire global economy, meaning the Federal Reserve's and the European Central Bank's monetary policies are unlikely to diverge for long, ECB board member Isabel Schnabel said on Saturday. "I expect this trade conflict to play out as a global shock that's working through both lower demand and supply," she told a conference in Croatia. "We can discuss which of the two effects on inflation is larger because that determines the net effect. But in any case, I would not expect a sustained decoupling (between the ECB and the Fed)," she said.
Yahoo
3 days ago
- Business
- Yahoo
ECB's Schnabel sees no lasting decoupling from Fed
DUBROVNIK, Croatia (Reuters) -Ongoing trade tensions between the United States and the rest of the world are a shock to the entire global economy, meaning the Federal Reserve's and the European Central Bank's monetary policies are unlikely to diverge for long, ECB board member Isabel Schnabel said on Saturday. "I expect this trade conflict to play out as a global shock that's working through both lower demand and supply," she told a conference in Croatia. "We can discuss which of the two effects on inflation is larger because that determines the net effect. But in any case, I would not expect a sustained decoupling (between the ECB and the Fed)," she said. (Reporting By Francesco CanepaEditing by Tomasz Janowski) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
3 days ago
- Business
- Reuters
ECB is 'nearly done' with cuts if forecasts hold, Vujcic says
DUBROVNIK, Croatia, June 7 (Reuters) - The European Central Bank is "nearly done" cutting interest rates if inflation settles at 2% as expected, ECB policymaker Boris Vujcic said on Saturday. The ECB cut interest rates on Thursday for the eighth time in the past year and signalled a policy pause next month since inflation was now safely back at its 2% target after three years of overshooting. "I would agree we are nearly done and that we are in a good position," Croatia's central bank governor told reporters on the sidelines of a conference. "If our projections materialise as they are in June I would think this is the right qualification of our monetary policy stance." He warmed any surprises in growth and inflation data would "affect" the ECB's thinking, as would the hard-to-predict outcome of the European Union's trade negotiations with the United States.
Yahoo
3 days ago
- Business
- Yahoo
ECB is 'nearly done' with cuts if forecasts hold, Vujcic says
DUBROVNIK, Croatia (Reuters) -The European Central Bank is "nearly done" cutting interest rates if inflation settles at 2% as expected, ECB policymaker Boris Vujcic said on Saturday. The ECB cut interest rates on Thursday for the eighth time in the past year and signalled a policy pause next month since inflation was now safely back at its 2% target after three years of overshooting. "I would agree we are nearly done and that we are in a good position," Croatia's central bank governor told reporters on the sidelines of a conference. "If our projections materialise as they are in June I would think this is the right qualification of our monetary policy stance." He warmed any surprises in growth and inflation data would "affect" the ECB's thinking, as would the hard-to-predict outcome of the European Union's trade negotiations with the United States. (Reporting By Francesco CanepaEditing by Tomasz Janowski)
Yahoo
3 days ago
- Business
- Yahoo
ECB is 'nearly done' with cuts if forecasts hold, Vujcic says
DUBROVNIK, Croatia (Reuters) -The European Central Bank is "nearly done" cutting interest rates if inflation settles at 2% as expected, ECB policymaker Boris Vujcic said on Saturday. The ECB cut interest rates on Thursday for the eighth time in the past year and signalled a policy pause next month since inflation was now safely back at its 2% target after three years of overshooting. "I would agree we are nearly done and that we are in a good position," Croatia's central bank governor told reporters on the sidelines of a conference. "If our projections materialise as they are in June I would think this is the right qualification of our monetary policy stance." He warmed any surprises in growth and inflation data would "affect" the ECB's thinking, as would the hard-to-predict outcome of the European Union's trade negotiations with the United States. (Reporting By Francesco CanepaEditing by Tomasz Janowski) Sign in to access your portfolio
