ECB official Nagel: The possibility of an interest rate cut in June is increasing

Bundesbank President Joachim Nagel said the European Central Bank is expected to reduce borrowing costs at its next meeting

Bundesbank President Joachim Nagel said the European Central Bank is expected to reduce borrowing costs at its next meeting.
\”If the situation remains as it is and the forecast doesn\’t say anything completely different, then the possibility of taking the first step to cut interest rates will increase,\” he told reporters.
Speaking on the sidelines of a meeting of G7 finance ministers and central bank governors, he emphasized that even if action is taken in June, it is important to me that this decision does not make people feel that it will go all the way down.
Signals of interest rate cuts at the June 6 meeting have been widely released. However, European Central Bank policymakers were mostly vague about their actions after the meeting.
Nagel would not discuss the topic. He also avoided questions about the potential size of the first rate cut.
ECB Vice President Luis de Guindos suggested earlier this week that a 25 basis point rate cut would be appropriate.

Like (0)
Previous May 24, 2024 7:42 pm
Next May 24, 2024 7:42 pm

Related posts

  • Trump said that if he is elected, he will fire the SEC chairman and find people who love cryptocurrency to supervise it.

    Trump said he would fire the chairman of the U.S. Securities and Exchange Commission (SEC) and choose a cryptocurrency-friendly regulator if he returns to the White House, seeking to attract virtual currency fans and capitalize on the industry\’s growing influence in the political arena.

    free stock signals July 28, 2024
  • Bank of America: Continued intervention is needed to keep USD/JPY below 155

    Bank of America said the Japanese authorities may have to continuously intervene in the foreign exchange market to curb the rise in the dollar against the yen.

    free stock signals April 29, 2024
  • Huasu Co., Ltd. (600935.SH): Net loss in the first quarter was 40.4 million yuan

    Gelonghui April 25丨Huasu Co., Ltd. (600935.SH) announced its first quarter report, operating income of 1.07 billion yuan, a year-on-year decrease of 16.29%, net loss of 40.4 million yuan, excluding non-net loss of 43.007 million yuan, basic per share Profit -0.0115 yuan.

    free stock signals April 25, 2024
  • Buzzing stocks.Stocks that will see action today: May 16, 2024

    Honeywell Automation India Limited (HAIL) on Wednesday appointed Atul Pai as its Managing Director. Pai succeeds Ashish Gaikwad, who is taking on a broader responsibility as India Leader for Industrial Automation, one of Honeywell International Inc’s strategic business groups, the company said in a statement. “Atul brings more than two decades of experience in various regional and global roles across Honeywell and its finance division.

    free stock signals May 16, 2024
  • Beijing: By 2027, the entire stack of intelligent computing infrastructure software and hardware products will be autonomously controllable

    [Beijing: By 2027, the full stack of intelligent computing infrastructure software and hardware products will be autonomously controllable] According to the China Federation of Finance and Economics, April 25, the Beijing Municipal Economic and Information Technology Bureau and the Beijing Municipal Communications Administration jointly released the \”Beijing Computing Power Basics\” Facility Construction Implementation Plan (2024-2027)\”. It is mentioned that the \”small and scattered\” situation of intelligent computing construction will be changed and a number of single large intelligent computing clusters will be built. By 2025, the city\’s intelligent computing supply scale will reach 45EFLOPS. From 2025 to 2027, according to the development needs of artificial intelligence large models and Relevant national deployments further optimize the layout of computing power. The functions of Beijing’s computing power interconnection and operation service platform are gradually improving, and the supply and demand dispatch of intelligent computing resources are efficiently coordinated. By 2027, the entire stack of intelligent computing infrastructure software and hardware products will be autonomously controllable, the overall performance will reach the domestic leading level, and the ability to build 100% autonomous and controllable intelligent computing centers will be achieved, effectively supporting general and industry vertical categories that benchmark the international leading level. Training and inference of large models. Intelligent computing power accurately empowers the city\’s urban governance, industrial development, and people\’s livelihood security. There are more than 200 industry benchmark cases driven by intelligent computing power, promoting digital and intelligent transformation in various fields such as medical care, education, culture, finance, manufacturing, and energy. The PUE value of newly built and renovated intelligent computing centers in this city generally does not exceed 1.25, and the PUE value of large-scale advanced intelligent computing centers with annual energy consumption exceeding 30,000 tons of standard coal generally does not exceed 1.15. Promote the upgrading and transformation of the city\’s existing data centers so that by the end of the planning period, the PUE values ​​of all existing data centers will not be higher than 1.35.

    free stock signals April 25, 2024
  • DroneAcharya Aerial Innovations’ shares rise 2.4% after bagging new contract

    DroneAcharya Aerial Innovations has bagged a work order from Alter Dynamics & Artificial Intelligence, valued at AED 239,819.00 (₹53 lakh), for the use of drones in inspection of piles above water, catering to the requirements of Abu Dhabi National Oil Company (ADNOC).

    free stock signals May 7, 2024