Lagarde said at the January press conference that the economy likely stagnated in Q4 and that inflation is expected to ease further over 2024. She said it was premature to discuss rate cuts and that the ECB needed more progress on disinflation.
The ECB kept its key rates at 4.50%, 4.75% and 4.00%.
Guidance that cuts remain distant supports the euro and keeps European borrowing costs high, which affects currency conversion for feed importers. The comments confirm existing expectations rather than shifting them.
Tras 129 eventos neutral de macro pasados, Euro (USD por EUR) se movió una mediana de -0,1 % en 5 sesiones (45% al alza; mitad central entre -0,5 % y +0,5 %), y +0,1 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.