The president of the ECB, Lagarde, reaffirmed the case for a rate cut next week. The EST curve is discounting cuts next week and in March. There seems to be tensions among the hawks of the Council, which could result in a more balanced decision than categorically moderate next week. Holzmann argued that one should expect a little more for the next rate cut, says the team of experts from Societe Generale.
The rhythm of cuts depends on the incoming data
“For lagarde, the ECB is not lagging with interest rates, the address is clear and the rhythm depends on the incoming data. It is not excessively worried about any export of inflation from the USA. The president of the Buba, Nagel , he urged the next government to consider adjusting the rules of the debt brake to allow more investment in infrastructure and energy. “
“Business confidence in France improved a fraction to 95 in December. Canada’s retail sales disappointed in November, but households are likely to be inclined to postpone spending until December, when the sales tax was temporarily reduced. underlying decreased by -0.7% in November. “
“The first estimate of Statistics Canada for December retail sales is +1.6% intermensual. Inflation was decelerated 1.8% last month and the underlying (trimmed) decreased to 2.5%. It is widely expected that the BOC reduces the rate of Politics next week at 25 PBs to 3.0%. The underlying increased to 3.0%. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
