ECB's Centeno: we are approaching the end of the interest rate rise process
Wednesday, January 11, 2023
© Reuters. FILE PHOTO: Portugal's Finance Minister and Eurogroup President Mario Centeno looks on during an interview with Reuters in Lisbon, Portugal February 28, 2020. REUTERS/Pedro Nunes LISBON (Reuters) - European Central Bank's governing council member Mario Centeno said on Tuesday the current process of interest rate increases is approaching its end.
The central banker, who was answering Portuguese legislators during a committee hearing in Lisbon, added even though inflation may have some resistance in January and February it will resume falling in March.
"We are approaching the end of the current process of interest rate hikes, I believe that is true," he said.
Centeno said that "wage updates in Europe could make it difficult for prices to continue to fall" in the next two months, but "after that, inflation will fall again from March onwards."
Annual inflation in the euro zone slowed to 9.2% in December from 10.1% in November, data from Eurostat showed on Friday.
The ECB forecast a gradual decline in inflation but only approaching its 2% target within three years.
The ECB raised the rate it pays on bank deposits by 50 basis points to 2% on Dec. 15, moderating its policy-tightening push after two consecutive 75 bps hikes.
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02-12-2023 15:59:11 (UTC+7)
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EUR/USD
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EUR/CHF
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DAX
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+182.09 (+1.12%)
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FTSE 100
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+75.60 (+1.01%)
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16,847.00
-181.50 (-1.07%)
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US Small Cap 2000
1,862.64
+53.62 (+2.96%)
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IBEX 35
10,140.80
+82.60 (+0.82%)
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BASF SE NA O.N.
43.240
+0.555 (+1.30%)
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Buy (6)
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Bayer AG NA
31.11
-0.25 (-0.80%)
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Allianz SE VNA O.N.
235.25
+4.65 (+2.02%)
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Adidas AG
194.24
+2.10 (+1.09%)
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Deutsche Lufthansa AG
8.222
+0.242 (+3.03%)
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Siemens AG Class N
156.00
+2.00 (+1.30%)
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Deutsche Bank AG
11.520
+0.094 (+0.82%)
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↑ BuyMoving Avg:
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| EUR/USD | 1.0883 | ↑ Buy | |||
| GBP/USD | 1.2711 | ↑ Buy | |||
| USD/JPY | 146.80 | Sell | |||
| AUD/USD | 0.6673 | ↑ Buy | |||
| USD/CAD | 1.3497 | Sell | |||
| EUR/JPY | 159.76 | ↑ Sell | |||
| EUR/CHF | 0.9458 | ↑ Sell |
| Gold | 2,073.20 | ↑ Buy | |||
| Silver | 25.490 | Sell | |||
| Copper | 3.9195 | ↑ Buy | |||
| Crude Oil WTI | 74.38 | ↑ Buy | |||
| Brent Oil | 79.56 | Neutral | |||
| Natural Gas | 2.777 | ↑ Buy | |||
| US Coffee C | 183.70 | ↑ Sell |
| Euro Stoxx 50 | 4,417.25 | ↑ Buy | |||
| S&P 500 | 4,594.63 | ↑ Buy | |||
| DAX | 16,397.52 | ↑ Buy | |||
| FTSE 100 | 7,529.35 | ↑ Sell | |||
| Hang Seng | 16,847.00 | Sell | |||
| Small Cap 2000 | 1,862.64 | ↑ Buy | |||
| IBEX 35 | 10,140.80 | ↑ Buy |
| BASF | 43.240 | ↑ Buy | |||
| Bayer | 31.11 | ↑ Buy | |||
| Allianz | 235.25 | ↑ Buy | |||
| Adidas | 194.24 | Neutral | |||
| Lufthansa | 8.222 | Sell | |||
| Siemens AG | 156.00 | ↑ Buy | |||
| Deutsche Bank AG | 11.520 | ↑ Buy |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
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| SJC Nhatrang | 7,270/ 7,402 (40 / 50) # 1,299 |
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| Cập nhật 02-12-2023 15:59:13 | |
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|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 23.680 | 24.150 |
| RON 95-III | 22.990 | 23.440 |
| E5 RON 92-II | 21.790 | 22.220 |
| DO 0.05S | 20.190 | 20.590 |
| DO 0,001S-V | 21.590 | 22.020 |
| Dầu hỏa 2-K | 21.110 | 21.530 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $74.48 | -0.81 | -0.01% |
| Brent | $79.11 | -0.95 | -0.01% |
| $ Tỷ giá Vietcombank | ||
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| Ngoại tệ | Mua vào | Bán ra |
| USD | 24.080,00 | 24.450,00 |
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| GBP | 29.888,43 | 31.161,13 |
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| Cập nhật lúc 15:51:19 02/12/2023 Xem bảng tỷ giá hối đoái | ||
