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“The disinflationary process is underway,” says the ECB -
The ECB confirms an interest rate cut of 25 basis points, to 3.25%
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“The disinflationary process is underway,” says the ECB
“The information that has arrived about inflation shows that the The disinflationary process is underway“says the ECB, in the statement released through the monetary authority’s website.
The ECB indicates that inflation is expected to rise in the coming months, but the expectation is that it will fall again over the next year, towards the 2% target.
Even so, in the statement it is written that the ECB continues to see that “domestic inflation remains high, as wages continue to increase at a high rate.” But “pressures on labor costs should continue to decline, and company profits will partially adapt to the impact of this situation.” [os custos laborais] in inflation.”
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The ECB confirms an interest rate cut of 25 basis points, to 3.25%
The statement from the European Central Bank (ECB) that has just been published confirms that the monetary authority has decided reduce the interest rate by 25 basis points of deposits – the most important at this time – to 3.25%.
This is the third consecutive interest rate cut, always to the same extent, after the cuts announced in July and September.
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The fall in inflation to 1.7% reinforces expectations of lower interest rates
The ECB meeting takes place on the day when Eurostat calculated the inflation rate in the euro area in 1.7%below the 2.2% of the previous month (August) and the 1.8% previously estimated for the euro zone, in September.
This estimate reinforced the expectation that the ECB, which idealizes an inflation rate of 2%, has all the conditions to lower interest rates which, at 3.5%, are still at a restrictive level for activity. economical.
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Good afternoon,
We open this article live blog follow the ECB’s decisions and the press conference this Thursday up to the minute.
The expectation that has intensified in recent weeks is that, contrary to what would be the plan of the majority of the members of the Governing Council, another cut of 25 basis points should be announced at the reference interest rate.
Inflation decreases and the economy worries. The “surprises” of recent weeks should lead the ECB to lower interest rates sooner than expected
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Source: Observadora
