binance left Huobi Global Coinmarketcap net_left Phương Thức Thanh Toán

ECB could outline rate hike plan for coming months in June - Müller

11 Tháng Năm 2022
ECB could outline rate hike plan for coming months in June - Müller © Reuters. FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski

By Balazs Koranyi

FRANKFURT (Reuters) - The European Central Bank should raise interest rates from record lows in July but could already outline its rate expectations for the coming months at its June 9 meeting, ECB policymaker Madis Müller said.

With euro zone inflation at a record high 7.5%, nearly four times the ECB's target, pressure is growing on the bank to claw back stimulus and several policymakers are pushing for faster "normalisation", including the end of asset buys and rate hikes.

In the first step, bond purchases need to end in early July, as stipulated by the bank's guidance, but bringing this move forward is also possible, according to Müller, who is Estonia's central bank governor.

"We could even discuss if we should end purchases a few weeks earlier," Müller said. "The real issue is interest rate increases and we shouldn’t have much of a delay there either."

"The recent data confirm that the monetary policy stance is not appropriate given where inflation is and given inflation expectations," Müller told Reuters in an interview.

While a rate hike in June would break the bank's promise to end bond buys first, the ECB could already send a strong signal on June 9 about the imminence of a rate rise, which would be the first in over a decade.

"I’m not sure we should be deciding on interest rate hikes then (in June)," Müller. "But perhaps we could indicate our expectation for interest rates. From my perspective, we could focus the following meeting (on July 21) on interest rates."

ECB board member Isabel Schnabel and Bundesbank chief Joachim Nagel, influential voices on the rate-setting Governing Council, have both made the case for a July rate increase, as did a host of other policymakers.

POSITIVE RATES

The first increase should then be followed by several more this year and the deposit rate, now at minus 0.5%, could be back in positive territory by the end of the year, Müller added.

"Even if we go by 25 basis point increments, we may get to a positive rate by the end of the year. For the time being, 25 basis points would be an appropriate increment."

The U.S. Federal Reserve hiked rates last week by 50 basis points and similar moves are likely at its next two meetings. But the European job markets is cooler and the war in Ukraine has made a bigger impact on the 19-country euro zone, so the ECB can afford to be more gradual.

Markets currently price in 90 basis points of rate hikes for the rest of the year or between three and four 25-basis-point moves.

Müller said he was not worried about the widening spread between the yields of the bloc's core and periphery since this was a natural, expected response of markets.

The bank should nevertheless contain any "unwarranted" widening of spreads, even if it should not pre-commit any new tool to tackle market turbulence.

"When it comes to specifying how such a tool would work, I’m not sure we can do that in advance," Müller said. "It needs to be designed specifically to the nature of the situation at hand."

For the text of the Q&A with Müller, click on:

Để lại bình luận
Hot Auto Trade Bot ig right nyse right Neteller Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
rakuten_main right top net_home_top Ai VIF Binance _ main right top fbs_main right top tifia_main right top
23-05-2022 09:59:14 (UTC+7)

EUR/USD

1.0589

+0.0029 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

EUR/USD

1.0589

+0.0029 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

GBP/USD

1.2543

+0.0056 (+0.44%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

USD/JPY

127.33

-0.51 (-0.40%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.7091

+0.0057 (+0.82%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (1)

USD/CAD

1.2801

-0.0036 (-0.28%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

EUR/JPY

134.84

-0.17 (-0.13%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (1)

EUR/CHF

1.0287

-0.0008 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

Gold Futures

1,851.16

+9.06 (+0.49%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (3)

Silver Futures

21.861

+0.187 (+0.86%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (5)

Copper Futures

4.3045

+0.0003 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

Crude Oil WTI Futures

110.69

+0.41 (+0.37%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (8)

Sell (1)

Brent Oil Futures

110.50

+0.51 (+0.46%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

Natural Gas Futures

8.178

-0.222 (-2.64%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (7)

US Coffee C Futures

216.48

-2.22 (-1.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Euro Stoxx 50

3,657.03

+16.48 (+0.45%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (9)

Sell (1)

S&P 500

3,901.36

+0.57 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

13,981.91

+99.61 (+0.72%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,389.98

+87.24 (+1.19%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (7)

Sell (2)

Hang Seng

20,448.00

-269.24 (-1.30%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (0)

US Small Cap 2000

1,773.27

-2.96 (-0.17%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

IBEX 35

8,484.50

+78.50 (+0.93%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (5)

Sell (2)

BASF SE NA O.N.

48.850

-0.010 (-0.02%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

63.74

+0.34 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Allianz SE VNA O.N.

195.58

+0.78 (+0.40%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (0)

Adidas AG

172.80

+0.92 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

Siemens AG Class N

115.08

+2.62 (+2.33%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (4)

Deutsche Bank AG

9.362

-0.130 (-1.37%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

 EUR/USD1.0589↑ Sell
 GBP/USD1.2543↑ Buy
 USD/JPY127.33↑ Buy
 AUD/USD0.7091↑ Buy
 USD/CAD1.2801↑ Sell
 EUR/JPY134.84Buy
 EUR/CHF1.0287↑ Sell
 Gold1,851.16Buy
 Silver21.861Neutral
 Copper4.3045↑ Buy
 Crude Oil WTI110.69Neutral
 Brent Oil110.50Buy
 Natural Gas8.178Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,448.00Neutral
 Small Cap 20001,773.27↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,880/ 6,980
(5/ 5) # 1,778
SJC HCM6,895/ 6,985
(0/ 0) # 1,783
SJC Hanoi6,895/ 6,987
(0/ 0) # 1,785
SJC Danang6,895/ 6,987
(0/ 0) # 1,785
SJC Nhatrang6,895/ 6,987
(0/ 0) # 1,785
SJC Cantho6,895/ 6,987
(0/ 0) # 1,785
Cập nhật 23-05-2022 09:59:16
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,851.89+5.210.28%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
ↂ Giá dầu thô thế giới
WTI$109.96-0.26-0.24%
Brent$110.76-0.21-0.19%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 09:53:39 23/05/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right Phương Thức Thanh Toán