Explore stories from Atlantic Canada.
Third teenager charged with second-degree murder | SaltWire #newsupdate #news #halifax #policeMADRID - The European Central Bank should start cutting interest rates in June if inflation continues its gradual decline as expected, European Central Bank policymaker Pablo Hernandez de Cos said on Tuesday.
Inflation has fallen quickly over the past year but the outlook further out remains clouded by rising energy costs, stubbornly high services inflation and continued geopolitical tensions. De Cos said that inflation was expected to continue declining in the coming quarters, although at a slower pace than last year due to some upward base effects.
Given the level of uncertainty, he said the ECB would continue to follow a data-dependent approach where decisions are taken at each meeting, without pre-committing to a specific rate path. Regarding Spanish lenders, De Cos said the Bank of Spain was considering setting a"positive level" for banks' countercyclical capital buffer, now at 0%, and would announce its decision whether to activate it soon.
The buffer seeks to mitigate or prevent cyclical risks caused by excessive growth in aggregate credit by requiring lenders to build insurance reserves during times of strong growth which would then be available in the case of a downturn.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB's central scenario points to interest rate cut in June, De Cos saysExplore stories from Atlantic Canada.
Read more »
ECB’s De Cos Says First Rate Cut in June Is His Central ScenarioThe European Central Bank will begin lowering borrowing costs at its June meeting, Governing Council member Pablo Hernandez de Cos said.
Read more »
ECB’s Rehn Says Time Will Be Ripe in June to Start Cutting RatesEuropean Central Bank Governing Council member Olli Rehn joined fellow policymakers in endorsing June as the right moment to begin lowering interest rates.
Read more »
ECB Set to Cut Interest Rates in June, Villeroy de Galhau SaysThe European Central Bank is likely to cut interest rates in June, according to Governing Council member Francois Villeroy de Galhau.
Read more »
ECB’s Kazaks Says on Track to Cut Interest Rates in June(Bloomberg) -- The European Central Bank is on track to start lowering borrowing costs in June, according to Governing Council member Martins Kazaks.Most...
Read more »
ECB Seen Cutting Interest Rates Once a Quarter Starting in JuneThe European Central Bank will embark in June on a steady-yet-gradual path of interest-rate cuts that’ll run at least through the end of next year, according to economists surveyed by Bloomberg.
Read more »