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ECB will only lower interest rates when it is "confident"

26 FEBRUAR 2024
Themen
Bancos Euribor Taxas de Juro Inflação BCE Despesas Salários
The ECB continues to depend on the data to determine the best time to ease interest rates to combat inflation.
ECB will only lower interest rates when it is "confident"
Source: Freepik
Author: Redaction

Much has been said about the easing of interest rates and the timing chosen by the European Central Bank (ECB) for this reduction, but there are still no signs of certainty about the application of an easing of monetary policies. 

However, on Friday, February 23, ECB President Christine Lagarde argued that the Governing Council "has to be more confident" that inflation will slow down in order to cut interest rates, regardless of the "encouraging figures" known about the evolution of wages.

On this subject, the bank's president said: "The wage figures for the fourth quarter are obviously encouraging. But, as we said in our monetary policy statement, the Governing Council needs to be more confident that the process of slowing inflation that we are seeing will be sustainable and will lead us to the 2% medium-term objective that we have. There are many sectors and workers that are covered by negotiations that will be concluded in the course of the first quarter of 2024 and I think that these figures, especially if they continue to be encouraging, will be important for us to assess going forward in order to achieve confidence." 

So, to make sure they act at the right time, "the ECB and the whole euro system depend on data", with Christine Lagarde stressing that they will use and analyze it, in all aspects other than wages, "such as profit units, expectations, the results of telephone surveys of companies, the servicing of bank loans and many others" which, she says: "are important to us". 

Themen
Bancos Euribor Taxas de Juro Inflação BCE Despesas Salários
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