ECB to stick to data-dependent path in lowering rates – OCBC
12.09.2024, 08:50

ECB to stick to data-dependent path in lowering rates – OCBC

EUR/USD has been depreciating towards 1.10 over the past four sessions into the interest rate cuts expected at today’s European Central Bank governing council meeting, OCBC’s FX analysts Frances Cheung and Christopher Wong note.  

ECB is not on auto-pilot yet

“Apart from the deposit facility rate declining a second time by 25 bps to 3.50%, there are also expectations for the main refi and marginal lending facility rates to fall by a larger 35 bps to 3.65% and 3.90%, respectively. However, this does not imply that ECB President Christine Lagarde is about to ditch the data-dependent path of lowering rates.” 

“ECB Chief Economist Philip Lane said a fortnight ago at Jackson Hole that the goal to return to the 2% target was not yet secure, pending the projections for wage growth to slow significantly in 2025 and 2026. Echoing Lane’s caution against complacency regarding price stability, Bundesbank Joachim Nagel wants to avoid cutting rates too quickly.”

“Nagel’s recent comments about the “great wave of inflation” being over should be viewed against his call on the coalition government to push ahead with measures to support the weak German economy. Lagarde’s guidance will be important in deciding if the EUR holds or falls below the psychological 1.10 level.” 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik