MNI BRIEF: Commodities An Obstacle To Rate Cuts: World Bank

MNI BRIEF: Canada Firms' Price Plans Jump In April- CFIB

MNI BRIEF: Commodities Likely To Hurt Disinflation- World Bank

MNI CBRT WATCH: Turkey CenBank Holds After "Significant" Hike

MNI China Daily Summary: Thursday, April 25

MNI BRIEF: China Opposes Accusations Of Overcapacity - MofCom

CBI Reported Retail Sales At Cycle Lows

MNI: UK CBI APR DIST TRADE REPORTED SALES -44

France Manufacturing Sentiment Reverses Year-To-Date Gains

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: ECB Discussing Dial Back Of Restrictive Stance

(MNI) LONDON
(MNI) London

ECB's Lagarde said no discussion of rate cuts, but discussions start on "dial back" of restrictive stance.

Central Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
True

The ECB's Governing Council did not discuss interest rate cuts at the March policy meeting, President Christine Lagarde said on Thursday, but she added that policy makers are "just beginning to discuss the dialling back of our restrictive stance."

Policymakers left interest rates unchanged at the March meeting, despite lowering both growth and inflation projections. However, comments from Lagarde in the post-meeting press conference suggest the Governing Council is edging towards a discussion on rate cuts, possibly in June when "a lot more" data is available.

94 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The ECB's Governing Council did not discuss interest rate cuts at the March policy meeting, President Christine Lagarde said on Thursday, but she added that policy makers are "just beginning to discuss the dialling back of our restrictive stance."

Policymakers left interest rates unchanged at the March meeting, despite lowering both growth and inflation projections. However, comments from Lagarde in the post-meeting press conference suggest the Governing Council is edging towards a discussion on rate cuts, possibly in June when "a lot more" data is available.