{"id":8940,"date":"2024-04-20T09:00:20","date_gmt":"2024-04-20T06:00:20","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=8940"},"modified":"2024-04-20T09:00:20","modified_gmt":"2024-04-20T06:00:20","slug":"ecb-crystal-clear-on-june-rate-cut-de-guindos-says","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=8940","title":{"rendered":"ECB , \u2018crystal clear\u2019 on June rate cut, de Guindos says"},"content":{"rendered":"<div><img decoding=\"async\" src=\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/ecb-crystal-clear-on-june-rate-cut-de-guindos-says.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p><strong>The European Central Bank has made it \u201ccrystal clear\u201d that interest rates could be cut in June but has also been firm that policy decisions beyond that remain up in the air, ECB Vice President Luis de Guindos said this week.<\/strong><\/p>\n<div class=\"cypru-video-ads\" id=\"cypru-53019312\">\n<div id=\"cypru-668694667\" data-cypru-trackid=\"478051\" data-cypru-trackbid=\"1\" class=\"cypru-target\">\n<div id=\"gpt-ad-5737373689809-0\">\n<\/div>\n<\/div>\n<\/div>\n<p>The ECB put a June rate cut on the table last week and has spent the past week reinforcing that guidance, despite rising oil prices, a weaker euro and bets that its biggest peer, the US Federal Reserve, would delay its own rate cuts.<br \/>\n\u201cI think that we have been crystal clear: if things continue as they have been evolving lately, in June we\u2019ll be ready to reduce the restriction of our monetary policy stance,\u201d de Guindos told a parliamentary hearing in Brussels.<br \/>\nDe Guindos repeated the ECB\u2019s most recent guidance, that inflation, at 2.4 per cent in March, would hover near its current level over the coming months but would ease back to the ECB\u2019s 2 per cent target next year.<br \/>\nMarkets currently see 75 basis points of cuts in the central bank\u2019s 4 per cent deposit rate this year, or two full moves beyond June, but de Guindos declined to be drawn on where rates are likely to go, even if some policymakers have already floated the idea of a second move in July.<br \/>\n\u201cI would say that there are some risks,\u201d de Guindos said. \u201cThe evolution of wages, productivity, unit labour cost, profit margins, and geopolitical risks are very difficult to take into consideration and to bear in mind when we elaborate our positions.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Central Bank has indicated that interest rates could be cut in June, but decisions beyond that are still uncertain.<\/p>\n","protected":false},"author":3,"featured_media":8941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[3258,1902,2510,4601,1240,3,5193,50,599,51,52,308,250,3330,3895,67,899,1401,839,34,2788,7203,3331,5076,2057,4833,2983,4843,1033,5957,2247,375,380,4870],"class_list":["post-8940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-air","tag-bank","tag-brussels","tag-central-bank","tag-clear","tag-cyprus","tag-decisions","tag-ecb","tag-euro","tag-european-central-bank","tag-federal-reserve","tag-geopolitical","tag-google","tag-google-news","tag-hearing","tag-inflation","tag-interest","tag-interest-rates","tag-labour","tag-markets","tag-mind","tag-monetary-policy","tag-news","tag-oil","tag-oil-prices","tag-policy","tag-policy-decisions","tag-president","tag-prices","tag-productivity","tag-profit","tag-rate-cut","tag-us","tag-wages"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- 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