{"id":34948,"date":"2024-04-25T07:10:25","date_gmt":"2024-04-25T07:10:25","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/25\/europes-policymakers-get-ready-to-lower-rates-regardless-of-the-fed\/"},"modified":"2024-04-25T07:10:25","modified_gmt":"2024-04-25T07:10:25","slug":"europes-policymakers-get-ready-to-lower-rates-regardless-of-the-fed","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/25\/europes-policymakers-get-ready-to-lower-rates-regardless-of-the-fed\/","title":{"rendered":"Europe\u2019s Policymakers Get Ready to Lower Rates, Regardless of the Fed"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1050\" height=\"549\" src=\"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2024\/04\/25\/multimedia\/25us-eu-divergence-03-phbv\/25us-eu-divergence-03-phbv-facebookJumbo.jpg?resize=1050,549&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Europe\u2019s Policymakers Get Ready to Lower Rates, Regardless of the Fed\" title=\"Europe\u2019s Policymakers Get Ready to Lower Rates, Regardless of the Fed\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<p class=\"css-at9mc1 evys1bk0\">Several of the central bank\u2019s policymakers said the council remained cautious and did not want to hastily ease monetary policy in case inflationary pressures had not fully subsided. Inflation in the services sector has held stubbornly at 4 percent for the past few months, and geopolitical risks, such as the conflict in the Middle East, could have sudden and large economic ramifications.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Among Europe\u2019s policymakers, there is still a debate about how many rate cuts there might be and how big. The I.M.F. recommended that the E.C.B. cut rates quarterly in quarter-point increments until September 2025, which would take the deposit rate to 2.5 percent, from 4 percent.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Investors are also betting the E.C.B. will cut rates three times this year \u2014 at meetings in June, September and December, when the central bank publishes new quarterly projections about the economy and inflation.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cI have no major objections with what the markets have been pricing recently,\u201d said Martins Kazaks, Latvia\u2019s central bank governor. Though the quarterly forecasts are important, decisions could be made at meetings without them, he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cWhat happens in the U.S. in terms of inflation stickiness, of course, raises some more questions, but, in my view, disinflation continues,\u201d he added. Unless \u201csomething dramatic happens\u201d the E.C.B. is on track to cut rates in June, he added.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mario Centeno, Portugal\u2019s central bank governor, said the size of a rate move was \u201can open issue.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cI will prefer small movements than big moves and then stopping\u201d because it sends a clearer message to investors and is more conservative in the face of economic uncertainty, he said. \u201cBut there\u2019s nothing that prevents us to move quicker at the beginning and then slowing it down<em class=\"css-2fg4z9 e1gzwzxm0\">.\u201d<\/em><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2024\/04\/25\/business\/ecb-federal-reserve-interest-rates.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several of the central bank\u2019s policymakers said the council remained cautious and did not want to hastily ease monetary policy in case inflationary pressures had not fully subsided. Inflation in the services sector has held stubbornly at 4 percent for the past few months, and geopolitical risks, such as the conflict in the Middle East, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":34949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static01.nyt.com\/images\/2024\/04\/25\/multimedia\/25us-eu-divergence-03-phbv\/25us-eu-divergence-03-phbv-facebookJumbo.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[9789,3174,31512,6829,3161],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/34948"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=34948"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/34948\/revisions"}],"predecessor-version":[{"id":34950,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/34948\/revisions\/34950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/34949"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=34948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=34948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=34948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}