Live Coverage: ECB cuts rates, conveys a dovish message
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CLAIM OFFERThe ECB all but declares victory on inflation while cutting rates once again. The Euro is under pressure. Live coverage.
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ECB faces slowdown and political elephants
Europe's largest countries do not have governments – German and French vacuums are the elephants in the room for the European Central Bank (ECB) which needs to produce forecasts. Uncertainty dogs decision makers, and is set to come on top of the expected rate cut, the fourth from the Frankfurt-based institution in this cycle. That is bad news for the Euro.
The last ECB meeting of 2024 consists of the rate decision, the statement, new forecasts – released only once per quarter – and the press conference by Christine Lagarde. She will likely doge political questions about European countries, but will be forced to admit economic uncertainty also due to other factors issues, such as Sino-American relations.
Inflation has been dropping in the Eurozone, but that is not only a victory for the ECB, but also a sign of weakness.
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(This story was corrected on June 6 at 07:45 GMT to say that the European Central Bank is set to cut interest rates for the first time since 2019, not 2020.)
The ECB all but declares victory on inflation while cutting rates once again. The Euro is under pressure. Live coverage.
Join FXStreet Premium to participate in the live coverage, get Gold alerts, access the analysts, and lots more.
ECB faces slowdown and political elephants
Europe's largest countries do not have governments – German and French vacuums are the elephants in the room for the European Central Bank (ECB) which needs to produce forecasts. Uncertainty dogs decision makers, and is set to come on top of the expected rate cut, the fourth from the Frankfurt-based institution in this cycle. That is bad news for the Euro.
The last ECB meeting of 2024 consists of the rate decision, the statement, new forecasts – released only once per quarter – and the press conference by Christine Lagarde. She will likely doge political questions about European countries, but will be forced to admit economic uncertainty also due to other factors issues, such as Sino-American relations.
Inflation has been dropping in the Eurozone, but that is not only a victory for the ECB, but also a sign of weakness.
Live financial market coverage
FXStreet covers major economic releases in a live blog format, to provide readers an instant verdict of the data, rapid analysis of key assets, and for Premium members, the abilty to ask our experts questions in real time.
FXStreet Premium
FXStreet Premium provides subscribers access to analysts, exclusive actionable analysis, signals, Ed Ponsi's webinars, trade plans and a bullish/bearish indicator for Gold on critical events. Join FXStreet Premium here.
(This story was corrected on June 6 at 07:45 GMT to say that the European Central Bank is set to cut interest rates for the first time since 2019, not 2020.)
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