Author: finadmin

Lagarde speaks on policy outlook after holding key rates steady

Lagarde speaks on policy outlook after holding key rates steady

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the April policy meeting and responds to questions from the press. ECB press conference key quotes “Economy was showing momentum before current turbulence.” “Domestic demand remains main driver of growth.” “Outlook highly uncertain.” “Incoming info suggests […]

Energy shock complicates June hike odds – Deutsche Bank

Energy shock complicates June hike odds – Deutsche Bank

Deutsche Bank economists expect the European Central Bank (ECB) to keep the deposit rate at 2% while markets fully price a June hike due to Europe’s energy exposure. They argue uncertainty over Oil prices and inflation pass-through means the ECB will likely retain hawkish optionality, emphasising a meeting-by-meeting approach as Euro inflation swaps and Bund […]

XAG/USD regains ground below $71 despite Fed’s hawkish tilt

XAG/USD regains ground below despite Fed’s hawkish tilt

Silver price (XAG/USD) is up 1.5% to near $72.35 during the European trading session on Thursday. The white metal gains ground after posting a fresh three-week low at $70.86 on Wednesday. The outlook of the precious metal remains uncertain as the Federal Reserve (Fed) warns of upside inflation risks in the monetary policy announcement on […]