EUR/USD
1.17092
-0.103%
Gold
4329.71
-0.070%
Oil
55.708
-0.288%
USD/JPY
157.129
1.013%
GBP/USD
1.33768
-0.034%
GBP/JPY
210.194
0.994%
Real-time News
On December 19th, European Central Bank (ECB) Governing Council member Villeroy de Leclerc stated that the ECB will maintain flexibility regarding the future direction of interest rates, given the downside risks to inflation. "Inflation faces two-way risks, but the downside risks are particularly prominent. Therefore, we will maintain the necessary flexibility at each upcoming meeting," Villeroy told Le Figaro. He noted the weakening of the dollar against the euro, adding that although the ECB does not have an exchange rate target, it will adjust monetary policy to address the strengthening euro if necessary.On December 19, Li Chenggang, Chinas International Trade Representative and Vice Minister, met with Kenyas Deputy Minister of Investment, Trade and Industry, Obam. The two sides exchanged in-depth views on issues such as the early harvest arrangement negotiations under the China-Kenya Economic Partnership Agreement.On December 19th, Bank of France Governor Villeroy stated that France could face a market backlash if plans to repair public finances fail to keep next years deficit below 5% of economic output. "If the deficit exceeds 5%, France will clearly be in danger," Villeroy said. "In my experience, the apparent calm in the markets can be suddenly shattered." With the year drawing to a close, the likelihood of the French parliament passing a full budget is slim. The government has warned that parts of the fiscal bill approved so far will only reduce the 2026 deficit to 5.3% of economic output, down from this years 5.4%. While Villeroy has emphasized fiscal risks in the past, his comments do indicate a degree of concern about the slow progress, as France remains under close investor scrutiny.ECB Governing Council member Koch said interest rates could be lowered or raised, depending on how things develop; both are possible.ECB Governing Council member Koch said (when asked if there would be no further rate cuts): "We have not yet decided what path interest rates will take."
