The European Central Bank reduces prices again to the economy’s buffer from the US tariff

LONDON (Reuters) – The European Central Bank has reduced interest rates for the seventh time on Thursday, and is looking forward to supporting the already faltering euro zone economy, which will take ways of American definitions.

A source of Reuters specifications said that politicians were unanimous in approval of the reduction on Thursday, as some of the most valuable prices agreed that the World Trade War has greatly changed expectations.

The euro extends after the decision and was circulated at 1.1339 dollars, a decrease of 0.5 % a day, after it was circulated at $ 1.1367 before.

The bond returns in Germany for two years were the last time at 1.75 %, after it was circulated about 1.807 % before. The Stoxx 600 in EUROPE has decreased by 0.3 %, as it was held a day.

comments:

Andrew Kiningham, chief economist in Europe in Capital Eightingx:

“While the European Central Bank was expected to reduce its rate of deposit from 2.5 % to 2.25 % today, the monetary policy statement clearly indicates a mitigation of the next policy. The statement says that the expectations for growth” deteriorated “due to” increasing commercial tensions “. On an equal footing, the European Central Bank believes that monetary policy will need to be more absorbed than he was previously expected.”

Steve Rider, great wallet manager, Aviva Investors:

“A little more than three weeks ago, the market was wondering whether the European Central Bank would exceed the low prices of April, today, as is now widespread that the European Central Bank has reduced 25 points per second. American definitions have increased the risks to global growth that also led to low pressure on commodity prices and upward pressure to climb up to EC. More dependent data is an acknowledgment of these increasing risks.

Our point of view was that the risk balance on politics is still on the downside, however, this is now at a good price by the markets, and therefore we are now neutral in European rates. In the medium term, we see many supportive factors for the euro area that we believe support the most severe return curves. “

Dean of Turner, Head of Economy in the eurozone at UBS Global Wealth Manegement, London:

“Political makers seek to achieve a balance between Duofish’s impulses – such as fears of growth, inflation, and ongoing commercial conflicts – and more volatile developments, especially with regard to financial policy, especially from Germany.

More importantly, the European Central Bank keeps its options open regarding the path of future interest rates. We expect to reduce other prices in June, with more mitigation later in the year, depending on how commercial negotiations are offered. “

Kirstine Kundby-Nielsen, like analyst, Dankse Bank:

“It has a tone of occurrence. The focus has turned into a view of negative risks to growth expectations, rather than upward risks to inflation.”

“It is growth that they focus on due to uncertainty in commercial policy.”

Marcheel Alexandrovich, Economic, Saltmarsh Economics:

“With the lack of clarity on the scale and the effect of American definitions, the European Central Bank prevents political noise and responds to the weakest domestic inflation data. There is still another reduction in the average of 25 points per hour approaching the rate of neutral interest on the table.”

Natasha May, Global Market Analyst, JPMorgan Asset Management:

“The European Central Bank has chosen continuity today, and adhering to their tried and tested form to reduce the average of 25 points per second accompanied by slim or non -existing directions on the path of future policy. This may seem a reasonable strategy, given the great uncertainty about future global trade relations. But given the economic background, there is no need for ECB to be very reluctant.

Wherever the customs tariff rates stabilize, most members of the European Central Bank’s board of directors agree that commercial tensions will burden the euro area activity-thus in the medium-term inflation-which will enhance prices directly. This means that the European Central Bank must take fewer rates of a neutral range from 1.75 to 2.25 %, especially given the pressure of contraction close to the range from the strongest euro and low energy costs. “

Zsolt Kohalmi, World Real Estate Chairman and Co-CEO, Pictet Advisors:

“Given the future, we expect the central bank to continue to reduce monetary policy: the euro area economy is scheduled to grow by less than 1 % this year, and inflation is expected to decrease to less than 2 % in 2026. Many discounts in prices will mean that the opposite winds in the past years can transform the direction and become tail winds.”

Yael Silvin, Chief Economist, KPMG:

“The European Central Bank remained cautious in its statement, as it chose to keep its options open, amid uncertainty in continuous trade. However, the European Central Bank highlighted that expectations have deteriorated, indicating that it will likely continue to reduce the rates of rates of next rate if there is a need to affect local tariffs.

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https://media.zenfs.com/en/reuters-finance.com/7cc3528f88ed401edfb93c16addd89a4

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