EZ Main Refinancing Rate
It's an important driver of commodity demand - lower interest rates decrease carrying costs. Reduced costs to store goods will spur companies to make investments in raw materials, leading to higher inventory levels;
The rate decision is usually priced into the market, so it tends to be overshadowed by the ECB Press Conference, held 45 minutes later. Source changed release frequency from monthly to eight times per year as of Jan 2015;
- EZ Main Refinancing Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Oct 17, 2024 | 3.40% | 3.40% | 3.65% |
| Sep 12, 2024 | 3.65% | 3.65% | 4.25% |
| Jul 18, 2024 | 4.25% | 4.25% | 4.25% |
| Jun 6, 2024 | 4.25% | 4.25% | 4.50% |
| Apr 11, 2024 | 4.50% | 4.50% | 4.50% |
| Mar 7, 2024 | 4.50% | 4.50% | 4.50% |
| Jan 25, 2024 | 4.50% | 4.50% | 4.50% |
| Dec 14, 2023 | 4.50% | 4.50% | 4.50% |
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- EZ Main Refinancing Rate News
From cnbc.com|18 hr ago|4 commentsThe European Central Bank is heading for its final interest rate cut of the year on Thursday — and while the institution is expected to stick to a quarter rather than half-percentage-point trim, economists forecast that a faster pace of monetary loosening lies ahead. It will still be a crucial meeting to set guidance for the year ahead, not least because ECB staff will release their quarterly macroeconomic projections on growth and inflation. Those forecasts will factor in the highly uncertain global impact of Donald Trump’s return ...
From think.ing.com|Oct 19, 2024The European Central Bank cut the deposit rate by 25bp to 3.25% as expected, but what we did not expect was the overly dovish angle in the communication surrounding the decision. During the Q&A, ECB President Christine Lagarde highlighted that the decision was unanimous, which means that the earlier pushback by hawks did not materialise in an opposing vote. On the other hand, growth concerns seemed to be downplayed yet this did not persuade markets into a more hawkish perception. Risks stemming from a Trump victory were also ...
From @DeItaone|Oct 17, 2024|3 commentspost: LAGARDE: WE ARE STILL LOOKING AT SOFT LANDING post:
LAGARDE: **CONCERNED ABOUT GROWTH **NO QUESTION THAT WE ARE CURRENTLY RESTRICTIVE **NO QUESTION THAT WE'RE NOT YET AT 2% TARGET IN TIMELY MANNER post: ECB’s Lagarde: ECB Has Not Reached 2% Medium-Term Target Yet - Must Be ‘Nimble, Attentive’ To Incoming Data
From @LiveSquawk|Oct 17, 2024post: ECB’s Lagarde: Incoming Data Suggest That Activity Is Weaker Than Expected - Investment Expanding Only Slowly - Households Consumed Less Than Expected - Recent Surveys Point To Gradual Recovery In Household Spending - Labour Market Resilient post:
*LAGARDE: MOST UNDERLYING INFLATION MEASURES DROPPED OR HELD - BBG *LAGARDE: DOMESTIC INFLATION STILL STRONG *LAGARDE: INFLATION TO RISE IN COMING MONTHS *LAGARDE: INFLATION TO DROP TO TARGET IN COURSE OF NEXT YEAR post: LAGARDE: RECENT SURVEYS POINT TO GRADUAL RECOVERY IN HOUSEHOLD SPENDING || LABOUR MARKET RESILIENT || FURTHER MODERATION IN DEMAND FOR LABOUR || SURVEYS SUGGEST SLOWING EMPOLYEMNT GROWTH || ECONOMY TO STRENGTHEN OVER TIME post: LAGARDE: **ANY ADDITIONAL TRADE BARRIERS A DOWNSIDE FOR EUROPE **DECISION WAS UNANIMOUS **PROBABLY MORE DOWNSIDE THAN UPSIDE RISKS TO INFLATION post: LAGARDE: PROBABLY MORE DOWNSIDE THAN UPSIDE RISKS TO INFLATION
From ecb.europa.eu|Oct 17, 2024ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 17 October 2024 at 14:45 CET in Ljubljana.
From ecb.europa.eu|Oct 17, 2024The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission. The incoming information on inflation shows that the disinflationary process is well on track. The inflation outlook is also affected by recent downside surprises in indicators of economic activity. Meanwhile, financing conditions remain restrictive. post: ECB Cuts Deposit Facility Rate By 25Bps To 3.25%, From 3.50%; As Expected - Cuts Main Refinancing Rate By 25Bps To 3.40% - Cuts Marginal Lending Facility By 25Bps To 3.65% post: ECB: INTEREST RATE DECISIONS WILL BE BASED ON ITS ASSESSMENT OF THE INFLATION OUTLOOK IN LIGHT OF THE INCOMING ECONOMIC AND FINANCIAL DATA, THE DYNAMICS OF UNDERLYING INFLATION AND THE STRENGTH OF MONETARY POLICY TRANSMISSION post: ECB: WILL KEEP RATES "RESTRICTIVE" FOR AS LONG AS NECESSARY ECB: WILL FOLLOW MEETING-BY-MEETING, DATA-DEPENDENT APPROACH ECB: WILL NOT PRE-COMMIT TO A PARTICULAR RATE PATH ECB: INFLATION EXPECTED TO RISE AGAIN BEFORE DECLINING TO TARGET ECB: DISINFLATIONARY PROCESS IS WELL ON…European Central Bank cuts interest rates after inflation falls below 2% The European Central Bank has cut its headline interest rate by a quarter of a point to 3.25% after inflation in the eurozone fell below its 2% target. ECB policymakers were under pressure to reduce the deposit rate after inflation figures out earlier on Thursday showed annual prices growth in the single-currency bloc had eased in September to 1.7%, down from 2.2% the previous month. The cut is the ECB’s third of the year, putting it two ahead of the Bank of England, which is widely forecast to cut the cost of borrowing in the UK by 0.25 percentage points from the current level of 5% when the Bank’s monetary policy committee meets again next month.
From xm.com|Oct 17, 2024The European Central Bank is likely to lower interest rates for the third time this year on Thursday, arguing inflation in the euro zone is now increasingly under control and the economy is stagnating. The first back-to-back rate cut in 13 years would mark a shift in focus for the euro zone's central bank from bringing down inflation to protecting economic growth, which has lagged far behind that of the United States for two years straight. The latest economic data is likely to have tilted the balance within the ECB in favour of a ...
From youtube.com/easymarkets|Oct 17, 2024If you are trading something EUR related, then watch out for the EU inflation numbers and the ECB interest rate decision.
| Upcoming release on Dec 12, 2024 |
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| Released on Oct 17, 2024 |
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