Live coverage will provide the most important comments from ECB President Christine Lagarde regarding interest rate decisions.
Key comments:
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app- Traders no longer fully price another ECB rate cut this year.
- Lagarde reiterates ECB getting to end of cycle with today's cut
Other comments:
- Survey data points to weaker near-term prospects
- Higher tariffs and stronger Euro to make exports harder
- Strong labor market, rising incomes to help economy
- Defence and infrastructure investment to bolster growth
- It is urgent to make Euro Area more competitive, productive
- Most core inflation figures suggest inflation will stabilize at target
- Labour costs are gradually moderating
- Wage tracker points to further easing in 2025
- Most longer-term inflation expectations around 2%
- Risks to growth tilted to the downside
- The outlook for inflation is more uncertain than usual
- Fragmentation of global supply chains could raise inflation
- A boost in defence and infrastructure would raise inflation over medium term
- We are in a good position to navigate uncertain conditions coming up
- The decision was almost unanimous, there was one dissenter
- Everything points to inflation settling at 2%
- I wouldn't exclude further upward revisions to growth
- We are in a good place after 25 bps rate cut today
- We just nearly concluded the policy cycle
- We are in a good position based on the current rate path
- I am not confirming a pause
The decision to change interest rates and the ECB conference maintain the upward trend in EURUSD quotes, indicating a strengthening of the euro. This is due to the fact that the central bank's decision was in line with expectations, and President Lagarde's statements did not indicate a change in the ECB's attitude to a possible strengthening of the central bank's dovish stance.
Source: ECB via YouTube
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
