- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- ECB Policymakers flash mixed signals in their weekend speeches
ECB Policymakers flash mixed signals in their weekend speeches
European Central Bank (ECB) officials crossed wires during the weekend and flashed mixed signals about the bloc’s monetary policy and it’s next moves.
Among them, ECB Vice President Luis de Guindos told an Italian newspaper that ECB interest rate hikes are in their final stretch. The policymaker also warned that higher borrowing costs could put stress on banks' asset quality, even if indicators so far remain healthy.
Key comments from de Guindos
We have now entered the home stretch of our monetary policy tightening path. And that’s why we are returning to normality, to 25 basis-point steps.
At the moment, the improvement in margins more than compensates for the potential losses from the growth in NPLs.
The combination of a slowing economy and the interest rate hikes will bring a rise in the cost of funding for banks and possibly an increase in non-performing loans.
We do not expect a wave of NPLs, but now is not the time for complacency.
De Guindos also warned about so-called shadow banks - a category including non-bank financial firms such as funds or insurers - that are experiencing ‘some tension’ given that they are highly leveraged and more are exposed to liquidity risk.
Additionally, ECB policymaker Peter Kazimir said, “ECB may need to raise interest rates longer than previously thought to help tame inflationary pressures.”
More comments from ECB’s Kazimir
I am convinced that there are more meetings ahead of us where we will decide on raising rates and I think we will raise them further.
It's no secret that given the fundamentals I would also be satisfied with a 50 basis point increase in interest rates but a 25 basis point increase is a return to normal.
And that means we may stay with interest rate hikes longer than we originally thought.
Headline inflation in the euro zone sometimes falls and then rises again a bit but the key point is that core inflation is still creeping up.
And that's proof that we have a problem and that we haven't solved the problem yet.
Also read: EUR/USD licks its wounds around 1.0850 with eyes on EU economic projections, US debt ceiling talks
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
