Inflation in France and Spain slowed more than expected, supporting the European Central Bank's rate cut.
The inflation rates in France and Spain are lower than expected, which supports the expectation of further interest rate cuts by the European Central Bank.
ECB officials: Trump's tariff policy increases the complexity of interest rate decision-making.
① Member of the Executive Board of the European Central Bank and Governor of the National Bank of Belgium, Pierre Wunsch, stated that US President Donald Trump's tariff policy has made the interest rate path of the European Central Bank "more complex"; ② The European Central Bank will hold its next interest rate meeting on April 17, and the market expects the probability of policymakers lowering rates by 25 basis points at that time to be around 79%.
In the past month, foreign banks have collectively raised their expectations for China's economy, with Morgan Stanley's Xing Ziqiang saying "the first quarter exceeded expectations."
In the past month, economists from HSBC, ANZ, and Citigroup have raised their GDP forecasts for China. Xing Ziqiang believes that China's economic performance in the first quarter was "above expectations", with strong economic momentum and significant increases in investment in XINXINGCHANYE, leading the team to revise its economic growth forecast for the year upward by 0.5 percentage points.
ECB "drought" countdown! Committee members say: interest rates could drop by 50 basis points by the end of summer.
The latest statement from ECB Governing Council member Villeroy de Galhau has released a strong signal for easing, suggesting that the current deposit rate of 2.5% may drop to 2% by the end of summer. This significant prediction outlines a roadmap for the ECB's aggressive rate cuts in the coming six months, marking the beginning of a new round of easing in the Eurozone's monetary policy. The policy shift signal is clear, as Villeroy de Galhau's latest statement has triggered market reactions, indicating that the current deposit rate of 2.5% may decrease to 2% before the end of summer. This prediction provides a clear guide for the future monetary policy path of the ECB, indicating that it will continue to promote easing policies to stimulate the economy.
European Central Bank committee member: There is still room for further interest rate cuts, but the speed and extent are unknown.
The member of the European Central Bank governing council and the Governor of the Bank of France, Francois Villeroy de Galhau, stated that the European Central Bank still has room for further rate cuts, but the speed and extent of these cuts remain uncertain.
ECB Key Rate Could Fall Further, But Pace And Extent Are Open, Villeroy Says