ECB plans rate cuts pending major shocks, monitoring oil

CNBC April 16, 2024, 04:00 PM UTC

Summary: European Central Bank President Christine Lagarde stated the bank is set to cut interest rates soon, pending major shocks. Lagarde emphasized monitoring oil prices due to Middle East tensions but noted a moderate reaction post-Iran's attack on Israel. The ECB hinted at rate cuts in June, citing a disinflationary trend. Lagarde aims to moderate monetary policy if no major shocks occur, aligning with the ECB's goal to lower rates amid cooling inflation.

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Timeline:

  1. [2.6]
    Nagel supports ECB rate cut if inflation returns to 2% (CNBC)
    25d
    Source
  2. [4.5]
    ECB notes progress in battling inflation, may reduce rates (European Central Bank)
    26d
    Source
  3. [5.6]
    Global economy faces challenges akin to 1930s, IMF adjusts forecasts (The Guardian)
    28d

  4. [4.4]
    Lagarde optimistic about global economy recovery, IMF projects 3.2% growth (Financial Times)
    29d
    Source
  5. [3.9]
    ECB likely to cut interest rates in June meeting (CNBC)
    29d
    Source
  6. [4.0]
    ECB President Lagarde discusses economic growth, inflation trends (European Central Bank)
    30d
    Source
  7. [5.0]
    Villeroy suggests cutting rates to address inflation concerns promptly (CNBC)
    31d
    Source
  8. [4.9]
    Likelihood of ECB rate cut in June increases (CNBC)
    31d
    Source
  9. [4.4]
    Geopolitical tensions in the Middle East threaten rate cut (CNBC)
    32d
    Source
  10. [4.5]
    IMF predicts minimal global recession risk, raises growth outlook (CNBC)
    32d
    Source
  11. [3.0]
    ECB maintains 4% rate, plans cuts in June (Financial Times)
    37d
    Source
  12. [3.0]
    ECB holds rates at 4%, hints at future cut (Financial Times)
    38d
    Source
  13. [4.1]
    ECB hints at possible rate cut in June (CNBC)
    38d
    Source
  14. [3.6]
    DeAnne Julius predicts Fed will cut rates before ECB (CNBC)
    38d
    Source
  15. [4.8]
    Jerome Powell addresses rising supercore inflation exceeding 2% (CNBC)
    38d
    Source
  16. [4.1]
    Fed cautious about inflation, plans rate cut in 2024 (CNBC)
    38d
    Source