The ECB will not be able to cut interest rates too much – Commerzbank
Source Fxstreet
Economists at Commerzbank expect the European Central Bank (ECB) to find hurdles to cut interest rates.
Difficult for the ECB to cut interest rates significantly
Even if inflation has shown a promising downward trend in recent months, the remaining path to the 2% target is likely to be bumpy. In any case, structural factors such as ongoing de-globalisation and the energy transition should drive up costs for companies and ultimately consumer price inflation.
If the effects of a particularly tight labour market also take effect, this is a further argument for upside risks and inflation settling at a higher level. This should make it difficult for the ECB to cut interest rates significantly, as many expect.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Prioritize filling the $27,000 gap and even try higher.
The 365-day MVRV ratio suggests that this crash may be just the beginning. If the ETF is rejected before the second quarter of 2024, it could trigger a sharp correction.
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Wietse Wind, founder of XRP Labs—one of the leading independent XRP Ledger development companies—has published an open letter to the community and Ripple.
Bitcoin (BTC) Price Struggles Put Short-Term Holders at a DisadvantageIn recent months, a cohort of Bitcoin (BTC) holders has been notably affected by the coin’s struggle to stabilize above $70,000. This group comprises short-term holders (STHs) — investors who have held the asset for less than 155 days.
In recent months, a cohort of Bitcoin (BTC) holders has been notably affected by the coin’s struggle to stabilize above $70,000. This group comprises short-term holders (STHs) — investors who have held the asset for less than 155 days.
