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      13 Dec 2024

      ECB’s Muller: Temporary ups and downs on inflation are inevitable

      European Central Bank (ECB) policymaker Madis Muller said on Friday that “temporary ups and downs on inflation are inevitable.”

      Additional quotes

      There was consensus at ECB's Governing Council.

      The period of strong inflation is behind us. I want to see inflation around 2%.

      Markets see another 100 bps of rate cuts.

      Rates are still relatively high given the economy.

      Rates are still holding back the economy a little bit.

      Return to zero rates is only in the case of an emergency.

      I can't yet gauge the impact of Trump's policy on Europe.

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      Dec 13, 2024

      ECB's Villeroy: There will be further rate cuts

      In an interview with BFM business radio on Friday, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said that there will be further rate cuts, per Reuters.
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      Dec 13, 2024

      Pound Sterling slumps as UK GDP, factory output unexpectedly contract in October

      The Pound Sterling (GBP) falls sharply against its major peers on Friday after the United Kingdom (UK) Office for National Statistics (ONS) reported that monthly Gross Domestic Product (GDP) and factory data surprisingly contracted in October.
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