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EUR/AUD News
Italy's Monthly Industrial Output Up 3.2% in January
Spain's Annual Inflation Rate Rises to 3% in February, Final Data Shows
French Annual Inflation Slows to 0.8% in February, Final Data Shows
ECB's Villeroy Sees Victory Over Inflation 'Very Soon'
German Annual Wholesale Prices Up 1.6% in February
German Annual Inflation Confirmed at 2.3% in February
ECB Will Be Back to 2% Target at End of Year, Nagel Tells BBC
France Set to Grow More Weakly, Central Bank Warns -- Market Talk
Australia Should Leave Tariff Retaliation to Bigger Players -- Market Talk
Growth in Approved Dwellings in Australia Confirmed at 6.3% for January
Germany's Coalition Fiscal Plans Would Accelerate GDP -- Market Talk
Eurozone Consumer Spending Dependent on Labor Market Developments -- Market Talk
PMI: Germany's Manufacturing Export Conditions Improve in February
The ECB's "significant shift": "unlikely" to always ensure 2% inflation.
Lagarde stated that the 2% inflation target is a medium-term goal, allowing for deviations in the short term; the current environment is filled with "exceptionally high uncertainty," and no clear (rate cut) path can be provided. After Lagarde's speech, expectations for a rate cut in April cooled.
Update: ING Comments on Euro, Poland's Zloty
ERIC ING Comments on The Euro, Poland's Zloty
Eurozone Economy Still Burdened by High Rates, ECB's Centeno Warns -- Interview
Spanish Monthly Retail Sales Down 1.4% in January
A major shift in the European Central Bank's Global Strategy: a new examination of bond purchases, climate, and inflation targets.
The European Central Bank has officially launched a new Global Strategy assessment aimed at re-examining its policy framework and operational methods. This assessment will cover several key areas, including the effectiveness of asset purchase operations, the role of climate action, and the applicability of forward guidance, with the final report expected to be released around mid-year, potentially leading to a gradual shift in policies. 1. Algo Easing: Reassessing Effectiveness. Algo Easing (QE) was once the core tool of the European Central Bank in combating low inflation, but its long-term effects and costs are now under scrutiny. During the pandemic, rapid asset purchases proved effective, but long-term purchases could lead to financial distortions and imbalances in asset prices. Europe
Australia's Peak Business Lobby Braces for More Trade Uncertainty -- Market Talk