European Central Bank President Lagarde: It is premature to claim victory over inflation now.
European Central Bank Vice President Kandos warned that even after the surprising data in September, it is still too early to assert the inflation situation. "We cannot declare victory," he said on Friday. "That's because the inflation in the service sector is still very high - although it has been slowing down, it's just very, very, very slight." The euro area inflation rate fell to 1.8% in September, the first time since 2021 that it has been below the European Central Bank's target of 2%. However, the inflation rate may rise again towards the end of the year due to fluctuations in energy costs. Other indicators are also high. Kandos stressed, "(whether to cut interest rates) will largely depend on"
European Central Bank Vice President bullish on economic recovery, market expects a 90% possibility of interest rate cut in October.
European Central Bank Vice President Luis de Guindos expressed optimism about the economic recovery of the euro area in his speech in Riga, although he acknowledged that risks still exist.
Rate cut in October in sight? Eurozone CPI fell by 0.1% month-on-month in September, the largest decline since January 2024.
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Directly hinting at a rate cut! Lagarde stated that in October, they will consider 'increased confidence in controlling inflation'.
Various signs indicate that the European Central Bank may cut interest rates again by mid-October, just three weeks after lowering policy rates. Two weeks ago, the market was still expecting the next rate cut to be in December. Following changes in market pricing and analyst expectations, Lagarde's statement is undoubtedly a very strong policy hint.
European Central Bank President: Interest rates will remain "sufficiently restrictive" until the inflation target is achieved.
Lagarde said that inflation may temporarily rise in the fourth quarter, but the European Central Bank is more confident in achieving the 2% inflation target. She emphasized that the policy interest rate will continue to remain tight until the target is met.
Italy's inflation rate has dropped below 1%, increasing the pressure on the European Central Bank to cut interest rates.
Italy's inflation rate has fallen below 1%, which has brought greater pressure to the European Central Bank, forcing it to accelerate the pace of interest rate cuts.
razo2 : I think better keep eyes on data. Friday MM will not want to pay out the bulls.
SpyderCall OP razo2 : Of course those tricky MMs don't want to pay anybody. Especially on mid month expirations. Usually there is a little volatility around those expiration dates.
It is possible we might see a bit more volatility today, Wednesday, or Friday. Wednesday is the official monthly expiration but sometimes the rollover can happen before or after, like on a Friday.
But it is a possibility that investors might have already rotated their contracts. After a crazy rally like we have seen, it makes me think a lot of capital has already moved around. So then the volatility might be just like any normal day.
102905741 : stok data in market
102905741 : stok data in market..