net_left Phương Thức Thanh Toán

ECB's Panetta warns against overtightening policy

15 Tháng Mười Một 2022
ECB's Panetta warns against overtightening policy © Reuters. FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski

FRANKFURT (Reuters) -The European Central Bank must keep raising rates but needs to avoid overtightening as that could destroy productive capacity and deepen an economic downturn, ECB board member Fabio Panetta said on Monday.

The ECB has raised rates by a combined 200 basis points since July, its fastest pace of policy tightening on record and market pricing suggests it is just over halfway done with the next move in the form of a 50 or 75 basis point hike coming in December.

"If we were to compress demand in an excessive and persistent manner, we would face the risk of also pushing output permanently below trend," Panetta said in a speech in Florence.

"For as long as inflation expectations remain anchored, monetary policy should adjust but not overreact," he said. "The uncertainty surrounding supply and demand dynamics requires us to remain prudent as regards how far the adjustment needs to go."

While policymakers argue that inflation expectations are by and large "anchored" near the ECB's 2% target, a key market-based long-term indicator stands at 2.36% while the European Commission's latest forecast puts 2024 inflation at 2.6%, indicating upside risks.

Panetta also cautioned against moving too fast as ECB action needs time to work its way through the economy and rate hikes are already on course to deduct one percentage point from GDP growth each year until 2024.

In a notable concession to policy hawks, Panetta argued that tightening could even reach a level where the ECB would restrict growth, but this needs solid justification.

"Being prudent does not rule out the possibility of us having to move from withdrawing accommodation to restricting demand," Panetta said. "But in the absence of clear second-round effects, we would need convincing evidence that the current shocks are likely to keep having a more adverse effect on supply than on demand."

Để lại bình luận
Hot Auto Trade Bot Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
06-12-2022 00:38:16 (UTC+7)

EUR/USD

1.0504

-0.0034 (-0.32%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (6)

EUR/USD

1.0504

-0.0034 (-0.32%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (6)

GBP/USD

1.2184

-0.0103 (-0.83%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (8)

USD/JPY

136.49

+2.19 (+1.63%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (3)

AUD/USD

0.6711

-0.0078 (-1.16%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (10)

USD/CAD

1.3580

+0.0112 (+0.83%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

EUR/JPY

143.38

+1.85 (+1.31%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (7)

EUR/CHF

0.9893

+0.0022 (+0.22%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (2)

Sell (3)

Gold Futures

1,782.40

-27.20 (-1.50%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Silver Futures

22.387

-0.863 (-3.71%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Copper Futures

3.7933

-0.0572 (-1.49%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Crude Oil WTI Futures

78.53

-1.45 (-1.81%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

Brent Oil Futures

84.17

-1.40 (-1.64%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

Natural Gas Futures

5.677

-0.604 (-9.62%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

US Coffee C Futures

163.30

+0.70 (+0.43%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Euro Stoxx 50

3,956.53

-21.37 (-0.54%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

S&P 500

4,011.00

-60.70 (-1.49%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (11)

DAX

14,447.61

-81.78 (-0.56%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

FTSE 100

7,567.54

+11.31 (+0.15%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Hang Seng

19,518.29

+842.94 (+4.51%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (2)

US Small Cap 2000

1,842.35

-47.63 (-2.52%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

IBEX 35

8,370.10

-7.80 (0.00%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

BASF SE NA O.N.

47.970

-0.760 (-1.56%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (9)

Bayer AG NA

53.09

-1.75 (-3.19%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

Allianz SE VNA O.N.

203.00

+0.35 (+0.17%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (3)

Adidas AG

122.06

-2.20 (-1.77%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (4)

Deutsche Lufthansa AG

7.766

+0.028 (+0.36%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

Siemens AG Class N

135.44

+0.74 (+0.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

Deutsche Bank AG

10.150

+0.126 (+1.26%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

 EUR/USD1.0504↑ Sell
 GBP/USD1.2184↑ Sell
 USD/JPY136.49↑ Buy
 AUD/USD0.6711↑ Sell
 USD/CAD1.3580↑ Buy
 EUR/JPY143.38↑ Sell
 EUR/CHF0.9893Neutral
 Gold1,782.40↑ Sell
 Silver22.387↑ Sell
 Copper3.7933↑ Sell
 Crude Oil WTI78.53↑ Sell
 Brent Oil84.17↑ Sell
 Natural Gas5.677↑ Sell
 US Coffee C163.30↑ Buy
 Euro Stoxx 503,956.53↑ Sell
 S&P 5004,011.00↑ Sell
 DAX14,447.61↑ Sell
 FTSE 1007,567.54↑ Sell
 Hang Seng19,518.29Buy
 Small Cap 20001,842.35Buy
 IBEX 358,370.10↑ Sell
 BASF47.970Sell
 Bayer53.09↑ Buy
 Allianz203.00Buy
 Adidas122.06↑ Sell
 Lufthansa7.766↑ Buy
 Siemens AG135.44↑ Buy
 Deutsche Bank AG10.150Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,610/ 6,680
(0/ 0) # 1,473
SJC HCM6,625/ 6,705
(0/ 0) # 1,500
SJC Hanoi6,625/ 6,707
(0/ 0) # 1,502
SJC Danang6,625/ 6,707
(0/ 0) # 1,502
SJC Nhatrang6,625/ 6,707
(0/ 0) # 1,502
SJC Cantho6,625/ 6,707
(0/ 0) # 1,502
Cập nhật 06-12-2022 00:38:18
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,770.64-28.21-1.57%
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$78.68+3.784.80%
Brent$84.14+2.613.01%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.760,0024.070,00
EUR24.574,8925.950,11
GBP28.594,5429.812,86
JPY172,03182,11
KRW15,9819,47
Cập nhật lúc 18:53:14 05/12/2022
Xem bảng tỷ giá hối đoái
Phương Thức Thanh Toán