• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

ECB’s Nagel cautions against too hasty action on rates

by October 26, 2024
written by October 26, 2024

WASHINGTON (Reuters) – The European Central Bank should not be too hasty in adjusting policy, Bundesbank President Joachim Nagel said on Saturday after some of his colleagues made the case in recent days for faster and deeper rate cuts.

“We shouldn’t be too hasty,” Nagel said in a panel discussion in Washington. “We should do what is necessary based on new data.”

He argued that the U.S. election, new inflation data, fresh economic projections and a slew of other indicators would guide the ECB’s decision in December.

Markets have fully priced a 25 basis point rate cut for December, the fourth move this year, but investors also see a 40% chance of a bigger, 50 basis point move, partly in response to move dovish comments this week.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Italy police arrest four over alleged illegal database access, source says
next post
ECB should keep rate options open, Knot says

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • US anti-missile THAAD system in Israel used to intercept projectile from Yemen
    • What would it take for the Fed to pause in November?

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy