- Analytics
- News and Tools
- Market News
- ECB's Kazimir: Expects 25 bps rate hike in July, open to a 50 bps move in September depending on inflation
ECB's Kazimir: Expects 25 bps rate hike in July, open to a 50 bps move in September depending on inflation
Slovak central bank Governor and European Central Bank (ECB) Governing Council member Peter Kazimir said on Monday that he expects a 25 bps rate hike in July and is open to discussing a 50 bps move, perhaps for September, amid record-high Eurozone inflation, reported Reuters. The neutral rate in the Eurozone is closer to 2.0% than 1.0%, he opined, meaning it will take around 200 bps of tightening to get interest rates back to neutral.
Lifting interest rates back to neutral may not be enough to contain inflation, he warned, noting that inflation will stay over the bank's target in 2024 and possibly return in 2025. Moreover, Kazimir warned that a short recession in some Eurozone countries is possible this year, but a recession for the entire bloc is unlikely. Finally, Kazimir noted that inflation is broadening, but not yet de-anchoring.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
