ECB Cuts Rates, Lagarde Press Conference

The European Central Bank has cut its key interest rate by 25 basis points. This is ECB President Christine Lagarde's press conference and coverage on Bloomberg Television.
#politics #investing #business #europe
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[@rolandostaelena]

Cutting rates. Doesnt seem wise given conditions she listed.

[@rickhayes-oh2zm]

Have a high priced summer

[@davidhorn6008]

First class - Thank You.

[@therighteous802]

Forward inflation revised up, rates down.

[@patrickcapps3476]

Something is breaking!!!!!!!

[@orlandovlore4873]

The most ignorant in charge of economic policies, start reading books before getting the position

[@wanderingfido]

She's using data that is known to be wildly inaccurate. Either she's complicit or is entirely too trusting of others. Inflation hasn't been affected. Job layoffs are rapidly accelerating. S-T-A-G-F-L-A-T-I-O-N

[@MrTigerStarX]

Unemployment is down, and service inflation is up. Let's cut rates?

[@Patrick_Xu]

well, you know more than ECB🤡

[@wanderingfido]

Yeah, they're hoping Biden will go away next year. Jobless rate is skyrocketing and inflation isn't slowing down. Stagflation is here to stay everywhere.

[@ryanburnett5881]

@@Patrick_Xu people who blindly accept government policy has cause many financial disasters. No need to call someone a clown for questioning this as it is in fact very questionable and any economist will tell u this but only time will tell.

[@rickhayes-oh2zm]

don't you have to raise rates to get to 2%. what is this

[@toantang5483]

by the time it hits 2% it would be too late to regain momentum, which means the central bank has to cut rate fast and require a stimulate package to boost the economy other wise recession starts and unemployent will shoot up.

[@dvdobb]

Is it true that higher inflation merely came from temporarily higher commodity prices, hence rather than from a monetary or economic reason ? Geopolitics about Opec & Russia rather than rate poicy adjustment ?

[@tabithadickerson2525]

no. they fucking lied to you. it came from loans and debt.

[@leopolddb9955]

@@tabithadickerson2525 Correct. Inflation is a monetary phenomenon; you will not see generalized price increases without monetary policy being stimulative and credit expansion. Plus prices were going up long before the invasion of Ukraine. Isn't it hilarious that the public has been fed total nonsense?

[@cedalege]

What a babe

[@jklove430]

It dint make any change in the market

[@Charlie-hp2oh]

market was expecting this

[@jklove430]

2% only

[@miseno2531]

Inflation to go up again. Especially in labour intensive industries. Unemployment is at historical low of 6.4 percent.

[@green-hope1]

🌳💚🌱long lives the queen of european central bank🌱💚🌳arte said on its special report on european parliament election buying power is one of many fears that we europeans have and the measure of inflation to buy only the cheapest cant and wont be done by every european, so i wonder why the 3 interest rates get lowered🌳💚🌱long lives the queen of european central bank🌱💚🌳

[@brandonbagwell7676]

"Profits are absorbing part of the pronounced price in unit labor cost, which reduces its inflationary effects" [8:05]... man... I've never heard a central banker so openly say, "we want zero newly printed money to go to labor". Someone needs to figure out what size head basket Ms. LeGrande's guillotine should have.

[@DT__1]

After every decision they make my pocket go’s EMPTY! Z😊

[@q9r8s7t6u5v4w3x2y1z0]

The US dollar with its high interest rate is becoming a weak currency

[@softwarewizards9869]

This will make USD go up. USD yielding more than euro moves money into USD.

[@ssuwandi3240]

As it should be weaker more..

[@leopolddb9955]

So 3 years of inflation way above targets (even with their manipulated numbers) and she thinks it would be dramatic if prices were only rising at 1.3% a year from now. Perhaps she is unaware but the consumer prefers to see prices go down. Undoubtedly the current prices are locked in and we will never see the previous prices again, but some actual price stability would be nice (0% inflation measured by price increases). Not personally looking forward to perennially pay more for the goods and services I purchase year after year... Rest of the speech and Q&A is just more garbage about being data-driven and REALLY SUPER DETERMINED about fighting inflation. And yet they are already reducing rates while the inflation rate remains at 3% and we have indicators that inflation will be going up again. Reality is the economy is so weak and has relied so much on stimulus and monetary inflation to maintain itself that the whole economy collapses as soon as they attempt to tighten policy. I would not be surprised to see some countries secede from the Euro in the next few years because the incompetent ECB is doing everything it can to destroy the currency. One piece of advice: hedge against the currency by getting large fixed rate loans at these rates.

[@vincenzotione5647]

We need a German as a head of ECB. He needs to talk less and be boring, that’s what we need

[@leopolddb9955]

This will age terribly. Making this comment for posterity.

[@john1770]

what you thinking ?

[@leopolddb9955]

@@john1770 See my other comment.

[@marcedrickirby6348]

MARCEDRIC KIRBY FOUNDER CEO. MARCEDRIC.KIRBY INC. WELCOME TO THE VALLEY OF THE VAMPIRES