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European Central Bank moving in the right direction on rates, former ECB president says 1 месяц назад


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European Central Bank moving in the right direction on rates, former ECB president says

As growing uncertainty unfolds around the Federal Reserve's monetary policy path, the focus shifts across the Atlantic to the European Central Bank (ECB). The ECB has decided to hold interest rates steady in its economy, with deposit rates sitting at 4% for the fifth consecutive meeting. To provide insights on this decision, Former President of the European Central Bank Jean-Claude Trichet joins Yahoo Finance. Trichet suggests that the ECB's message in holding rates steady is "pretty clear." He believes the central bank is "going in a good direction" on its efforts to combat inflation, and has not made any "pre-commitment" on rate cuts, which he says would have left the ECB "trapped in an overhaul of expectations" that a June rate cut would occur. However, Trichet notes that the expectation of a June rate cut is "not a done deal," as there are many factors that could shift expectations in this "very likely uncertain" environment. He emphasizes that the ECB's goal is to reach a 2% inflation target by 2025, and he is "confident" that the central bank is on the trajectory to achieve that. Trichet also points out that while the U.S. is also looking to move towards a 2% inflation target, Europe is closer to reaching that goal, saying "we are not as parallel..... in the decreasing of inflation as we were perhaps before." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X:   / yahoofinance   Instagram: https://www.instagram.com/yahoofinanc... TikTok: https://www.tiktok.com/@yahoofinance?... Facebook:   / yahoofinance   LinkedIn:   / yahoo-finance  

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