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Real-time News
ECB Governing Council member Pereira: Inflation is currently at the target level, and we expect it to remain so in the coming months.On December 19th, European Central Bank (ECB) policymakers warned on Friday that their latest economic forecasts carry significant risks, urging caution in policy-making and not ruling out further interest rate cuts. The ECB kept interest rates unchanged on Thursday and raised some of its growth and inflation forecasts. Investors interpreted this as an indication that borrowing costs would not be lowered further. Although the market has ruled out rate cuts and now expects a rate hike in 2027, several policymakers, including Bank of France Governor Villeroy, Dutch Central Bank Governor Sleipön, Austrian Central Bank Governor Kocher, Bank of Spain Governor Eskriva, and Finnish Central Bank Governor Rehn, warned against drawing premature conclusions. Kocher noted, "In terms of the overall economic situation, we are not optimistic at the moment because uncertainty remains high," adding, "This means that if necessary, we could either cut or raise rates further."ECB Governing Council member Pereira: We are in a good position, but shocks can always come.Polish President: Ukrainian President Zelenskys visit to Warsaw is good news for our region and bad news for Moscow.On December 19th, ECB Governing Council member and Dutch Central Bank Governor Alexis Sleipön stated that the risks to growth and inflation in the Eurozone are fairly balanced, but remain significant, therefore the ECB needs to remain open to future policy moves. The ECB kept interest rates unchanged on Thursday and raised some of its growth and inflation forecasts, a move that likely indicates no further rate cuts in the near term. However, policymakers, including Sleipön, were quite cautious in their public comments on Friday, unwilling to prematurely rule out any policy options given the substantial risks that could rapidly alter the outlook. “We are still in a good position right now, with inflation in Europe very close to 2%. You could say thats almost the ideal situation a central bank governor dreams of,” Sleipön said. “But at the same time, we also know that the risks remain significant.” “Thats why we must stick to the meeting-by-meeting assessment approach and continue to rely on data,” he said. “I think the risks to growth and inflation are fairly balanced, although significant.”
