Real-time News

European Central Bank President Christine Lagarde: We are beginning to see a broad rise in inflation.

European Central Bank President Christine Lagarde: We should not be complacent.

European Central Bank President Christine Lagarde: We are in an environment of missing or threatened growth. But growth is not under major threat.

European Central Bank President Christine Lagarde: We have not yet seen secondary effects related to wages.

The British government says the country is safer because of Instarr's decisions.

European Central Bank President Christine Lagarde: We cannot determine whether the increase in service prices is solely due to direct effects or also includes indirect effects.

The British government stated that it will continue to prioritize national interests.

European Central Bank President Christine Lagarde: If interest rates are not raised, inflation will remain above target in the medium term.

ECB President Christine Lagarde: Under all three scenarios, the decision-making process is very robust.

ECB President Christine Lagarde: The ECB will release three scenario assumptions, including a dovish outlook.

On June 11, Simona Mocuta, an analyst at State Street Investment Management, pointed out in a report that the European Central Bank's decision to raise interest rates is likely to have little effect. The chief economist stated that, contrary to policy objectives, tightening monetary policy could lead to economic weakness—a move more likely to harm economic growth than alleviate inflation. "In fact, rate hikes are unlikely to effectively counteract inflationary pressures triggered by supply shocks," she said. Given that wage inflation is already well under control and consumer confidence and spending remain weak, the scope for a second round of inflationary effects is very limited. Meanwhile, the firm believes that the central bank is most likely to raise interest rates again this fall.

European Central Bank President Christine Lagarde: We are beginning to see the energy shock spreading throughout the economy.

European Central Bank President Christine Lagarde: The indirect costs of the war with Iran are also becoming apparent.

June 11th - Neil Birrell, Chief Investment Officer of Premier Miton Group in London, stated that the European Central Bank's decision to raise interest rates by 25 basis points was not surprising given the current inflationary backdrop. Reassuringly, despite weak economic growth expectations, the ECB believes the risks to GDP are not significant. The bank may raise rates further this year based on data, and policy adjustments are unlikely to stop there.