EZ Main Refinancing Rate
It's an important driver of commodity demand - lower interest rates decrease carrying costs. Reduced costs to store goods will spur companies to make investments in raw materials, leading to higher inventory levels;
The rate decision is usually priced into the market, so it tends to be overshadowed by the ECB Press Conference, held 45 minutes later. Source changed release frequency from monthly to eight times per year as of Jan 2015;
- EZ Main Refinancing Rate Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 6, 2024 | 4.25% | 4.25% | 4.50% |
Apr 11, 2024 | 4.50% | 4.50% | 4.50% |
Mar 7, 2024 | 4.50% | 4.50% | 4.50% |
Jan 25, 2024 | 4.50% | 4.50% | 4.50% |
Dec 14, 2023 | 4.50% | 4.50% | 4.50% |
Oct 26, 2023 | 4.50% | 4.50% | 4.50% |
Sep 14, 2023 | 4.50% | 4.25% | 4.25% |
Jul 27, 2023 | 4.25% | 4.25% | 4.00% |
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- EZ Main Refinancing Rate News
- From livewiremarkets.com|Jun 12, 2024
A simple policy rule points to a slow and shallow easing cycle in the US, gradual rate cuts in the euro area, and risks around the RBA's conscious decision to raise rates by less than other countries in order to lock in the employment gains of the past few years. CCI uses a version of the Taylor rule to assess the risks around central bank forecasts for the policy interest rate in the US, euro area, and Australia. A Taylor rule estimates policy rates based on central bank forecasts for underlying inflation and inflation relative to ...
- From ecb.europa.eu|Jun 9, 2024
Two years ago, we started raising interest rates because inflation was far too high. Today, the situation is improved. Although some prices are still going up markedly, especially in the services sector, inflation overall has come down a lot. It is currently on track to reach 2% next year, which is the level that we target in our pursuit of price stability. The decline in inflation allows the ECB to lower interest rates, and on Thursday we cut our key policy rate by 0.25 percentage points, down from 4% where it had been for nine ...
- From bnnbloomberg.ca|Jun 8, 2024
Further reductions of European Central Bank borrowing costs may risk a stronger impact on the euro exchange rate and inflation, according to Governing Council member Robert Holzmann. “If the original assumption of three rate cuts were to materialize, and the Federal Reserve didn’t respond, it would certainly have an impact on the exchange rate, and with it inflation,” Holzmann told public broadcaster ORF in a radio interview aired Saturday. He said the ECB’s first rate move on Thursday didn’t yet make him concerned on the matter. ...
- From channelnewsasia.com|Jun 6, 2024
Oil prices rose on Friday, continuing to climb after OPEC+ members Saudi Arabia and Russia indicated readiness to pause or reverse output agreements and as an interest rate cut in Europe raised the prospect of a similar U.S. move. Brent crude futures rose 16 cents or 0.2 per cent to $80.03 per barrel and U.S. West Texas Intermediate crude futures rose 16 cents or 0.2 per cent to $75.71 as at 0007 GMT. Prices rallied on Thursday when Saudi Arabia and Russia tried to reassure markets on supply agreements. However, they are heading for ...
- From @financialjuice|Jun 6, 2024
post: ECB'S PRESIDENT LAGARDE: THE DECISION WAS ALMOST UNANIMOUS APART FROM ONE GOVERNOR.
- From @NourHammoury|Jun 6, 2024|1 comment
post: *LAGARDE: WOULDN'T SAY ECB IS MOVING IN DIALING-BACK PHASE post: ECB'S PRESIDENT LAGARDE: WE WILL NEED MORE DATA TO CONSTANTLY CONFIRM DISINFLATIONARY PATH. post: ECB'S PRESIDENT LAGARDE: WE'RE MORE RESTRICTIVE IN REAL TERMS THAN BACK IN SEPTEMBER. post: MORE ECB'S LAGARDE: I CANNOT CONFIRM THE THE 'DIALING BACK' PROCESS IS UNDERWAY, BUT THERE IS A 'STRONG LIKELIHOOD' THAT IT IS UNDERWAY #ecb #europeancentralbank #interestrates #inflation #eurozone #monetarypolicy #christinelagarde post: <EUR=>:
*LAGARDE: SPEED, TIMING WILL BE DETERMINED BY DATA
?*LAGARDE: NEXT FEW MONTHS WILL BE BUMPY
- From @C_Barraud|Jun 6, 2024
post:
*LAGARDE: ECONOMY TO CONTINUE TO RECOVER - BBG *LAGARDE: MANUFACTURING SHOWING SIGNS OF STABILIZATION *LAGARDE: SURVEYS POINT TO CONTINUED JOB GROWTH IN NEAR TERM post:
*LAGARDE: DOMESTIC INFLATION REMAINS HIGH - BBG *LAGARDE: WAGES RISING AT ELEVATED PACE *LAGARDE: LABOR COSTS WILL LIKELY FLUCTUATE DUE TO ONE-OFFS *LAGARDE: WAGE GROWTH WILL MODERATE OVER COURSE OF YEAR *LAGARDE: PROFITS ABSORBING PART OF WAGE INCREASES post: ECB’S LAGARDE: INFLATION TO FLUCTUATE AROUND CURRENT LEVELS FOR REST OF YEAR ECB’S LAGARDE: INFLATION WILL THEN DECLINE TOWARDS TARGET IN 2H25 ECB’S LAGARDE: RISKS TO GROWTH BALANCED IN NEAR TERM
- From ecb.europa.eu|Jun 6, 2024|1 comment
ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 6 June 2024 at 14:45 CET in Frankfurt am Main.
Released on Jun 6, 2024 |
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- Details