net_left Phương Thức Thanh Toán

ECB may have to restrict growth to control inflation, Lagarde says

18 Tháng Mười Một 2022
ECB may have to restrict growth to control inflation, Lagarde says © Reuters. FILE PHOTO: European Central Bank President Christine Lagarde speaks during economic conference in Riga, Latvia November 3, 2022. REUTERS/Ints Kalnins

FRANKFURT (Reuters) -The European Central Bank will keep raising interest rates and may even need to restrict economic activity to tame inflation, ECB President Christine Lagarde said on Friday, singling out rates as the bank's key instrument over balance sheet reduction.

The ECB has raised rates by an unprecedented 200 basis points since July to tackle inflation, and said that more policy tightening is coming via rate hikes and the reduction of its 5 trillion euro ($5.2 trillion) debt holding.

"We expect to raise rates further – and withdrawing accommodation may not be enough," Lagarde said in a speech at a conference.

"Interest rates are, and will remain, the main tool for adjusting our policy stance," she said. "Acknowledging that interest rates remain the most effective tool for shaping our policy stance, it is appropriate that the balance sheet is normalised in a measured and predictable way."

At 1.5%, the ECB's deposit rate is not far from the so-called neutral rate, where the bank is neither stimulating nor holding back growth. Most estimates of the neutral rate are between 1.5% and 2%, suggesting that after an expected December hike "accommodation" will have been removed.

The problem is that inflation, running at 10.6%, is far above the ECB's 2% target and even a recession, now almost certain over the winter months, is unlikely to ease price pressures enough to let the ECB step off the brakes.

Investors are now split between pricing a 50 and 75 basis-point hike in December after back-to-back 75 basis point moves, and see the reduction of bond holdings, also known as quantitative tightening, starting in the first half of 2023.

The ECB will outline plans for balance sheet reduction in December and the process is expected to start with the bank allowing some, but not all, bonds to expire.

"The ECB will ensure that a phase of high inflation does not feed into inflation expectations, allowing too-high inflation to become entrenched," Lagarde said.

($1 = 0.9664 euros)

Để lại bình luận
Hot Auto Trade Bot Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
08-12-2022 06:03:43 (UTC+7)

EUR/USD

1.0511

+0.0006 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/USD

1.0511

+0.0006 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.2209

+0.0010 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (1)

USD/JPY

136.45

-0.15 (-0.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

AUD/USD

0.6724

+0.0003 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

Sell (0)

USD/CAD

1.3654

+0.0003 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (0)

EUR/JPY

143.41

-0.09 (-0.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

0.9887

+0.0006 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Gold Futures

1,798.65

-0.15 (-0.01%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (3)

Silver Futures

22.892

-0.008 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Copper Futures

3.8465

+0.0017 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

Crude Oil WTI Futures

72.44

+0.06 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Brent Oil Futures

77.37

-0.03 (-0.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Natural Gas Futures

5.821

+0.005 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

US Coffee C Futures

160.00

-3.50 (-2.14%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (4)

Euro Stoxx 50

3,920.90

-18.29 (-0.46%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

S&P 500

3,933.92

-7.34 (-0.19%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

Sell (1)

DAX

14,261.19

-82.00 (-0.57%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

FTSE 100

7,489.19

-32.20 (-0.43%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Hang Seng

18,814.82

-626.36 (-3.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

US Small Cap 2000

1,807.83

-4.75 (-0.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

IBEX 35

8,290.50

-29.10 (0.00%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

BASF SE NA O.N.

47.425

-0.500 (-1.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Bayer AG NA

52.80

-0.09 (-0.17%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

Allianz SE VNA O.N.

203.65

+0.25 (+0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Adidas AG

117.56

-1.50 (-1.26%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

Deutsche Lufthansa AG

7.639

-0.081 (-1.05%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (2)

Siemens AG Class N

132.90

-0.86 (-0.64%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

Deutsche Bank AG

9.966

-0.106 (-1.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

 EUR/USD1.0511↑ Buy
 GBP/USD1.2209↑ Buy
 USD/JPY136.45↑ Sell
 AUD/USD0.6724Neutral
 USD/CAD1.3654↑ Buy
 EUR/JPY143.41↑ Sell
 EUR/CHF0.9887↑ Buy
 Gold1,798.65Neutral
 Silver22.892↑ Sell
 Copper3.8465Neutral
 Crude Oil WTI72.44↑ Buy
 Brent Oil77.37↑ Sell
 Natural Gas5.821↑ Buy
 US Coffee C160.00Neutral
 Euro Stoxx 503,920.90↑ Sell
 S&P 5003,933.92↑ Buy
 DAX14,261.19↑ Sell
 FTSE 1007,489.19↑ Sell
 Hang Seng18,814.82↑ Sell
 Small Cap 20001,807.83↑ Buy
 IBEX 358,290.50↑ Sell
 BASF47.425↑ Sell
 Bayer52.80↑ Sell
 Allianz203.65↑ Sell
 Adidas117.56↑ Sell
 Lufthansa7.639↑ Buy
 Siemens AG132.90↑ Sell
 Deutsche Bank AG9.966↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,590/ 6,660
(0/ 0) # 1,531
SJC HCM6,610/ 6,690
(0/ 0) # 1,561
SJC Hanoi6,610/ 6,692
(0/ 0) # 1,563
SJC Danang6,610/ 6,692
(0/ 0) # 1,563
SJC Nhatrang6,610/ 6,692
(0/ 0) # 1,563
SJC Cantho6,610/ 6,692
(0/ 0) # 1,563
Cập nhật 08-12-2022 06:03:45
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,785.88+14.720.83%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V23.83024.300
RON 95-III22.70023.150
E5 RON 92-II21.67022.100
DO 0.05S23.21023.670
DO 0,001S-V25.19025.690
Dầu hỏa 2-K23.56024.030
ↂ Giá dầu thô thế giới
WTI$72.40+2.533.50%
Brent$77.41+2.693.48%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.710,0024.020,00
EUR24.307,1225.667,44
GBP28.178,7629.379,47
JPY168,63178,51
KRW15,6319,05
Cập nhật lúc 05:55:23 08/12/2022
Xem bảng tỷ giá hối đoái
Phương Thức Thanh Toán