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In focus today In the euro area, we get data on consumer confidence for December. Consumer confidence has been on a rising trend the past two years but in November it unexpectedly declined. It will be very import for the growth outlook to see if the decline was just a blip or it continued in […]

The post Riksbank Rounds Off the Cutting Season appeared first on Action Forex.

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06/03/2024

ECB to Ask for More Patience Before Rate Cuts

ECB announces rate decision on Thursday at 13:15 GMT Policymakers to avoid rate cut signals as inflation risks linger in the background New economic projections might reflect potential changes in the ECB’s thinking Don’t expect rate cut signals Hawkish views by central bankers and positive economic data have led investors to reconsider their expectations of aggressive rate cuts. […]
06/06/2024

ECB Starts Cuts Earlier and May Move Faster Than Fed

The European Central Bank cut all three of its key interest rates by 25 points, which is in line with market expectations. The ECB has kept rates unchanged for the past nine months and tightened policy from July 2022 to September 2023, raising rates by a combined 450 basis points. In May, overall eurozone inflation […]
15/02/2024

All’s Well That Ends Well

The market has been very quick in swallowing and digesting this Tuesday’s less than ideal inflation data from the US – which showed that inflation in the US didn’t ease as much as expected in January, remember that data? It was just two days ago, it was supposed to be important, and potentially trend changing. […]