TL;DR CNBC

Middle East tensions pose the biggest threat to rate cuts, European Central Bank policymaker says

Publishing timestamp: 2024-04-17 11:07:14

Summary

Geopolitical risks, particularly tensions in the Middle East, pose the biggest threat to a prospective interest rate cut from the European Central Bank. ECB policymakers are closely monitoring inflation and potential shocks that could impact their decision to moderate rates. Despite leaving policy unchanged for the fifth consecutive meeting, the ECB signaled that cooling inflation could lead to a rate reduction in the near future. Speculation about rate cuts comes as investors have reduced their bets on Federal Reserve rate reductions.

Sentiment: MIXED

Tickers: @LCO.1,  @CL.1, 

Keywords: economy,  central banking,  ice brent crude (apr'23),  inflation,  interest rates,  business news,  breaking news: europe,  breaking news: economy, 

Source: https://www.cnbc.com/2024/04/17/middle-east-tensions-pose-the-biggest-threat-to-european-central-bank-rate-cuts-policymaker-says.html