ECB Hints at Possible Rate Cut in October as Inflation Cools
The European Central Bank (ECB) is showing increased optimism about inflation trends, with President Christine Lagarde suggesting a potential rate cut in October. Speaking to the EU Parliament, Lagarde expressed growing confidence that inflation could soon reach the target level.
Recent data from France, Spain, and Germany show inflation rates dropping below 2%, reinforcing the ECB's positive outlook. However, Lagarde cautioned that inflation might tick up towards year-end due to energy price effects.
The ECB's current key interest rate stands at 3.50% after a recent 0.25 percentage point reduction. Further decisions will be data-dependent, with the next policy meeting scheduled for October.
#ECB #EuropeanEconomy #InterestRates #Inflation #Bitcoin
Gold standard fails (again) in real time
Zimbabwe devalues its gold-backed currency by 40% after just 6 months, proving that centralized monetary systems are always structured to the advantage of those in power. With bitcoin, everyone can be their own sovereign central bank.
#gold #bitcoin #fiatponzi
Eurozone Inflation Cools, Services Sector Remains Hot
Eurozone inflation continues its downward trend, hitting 2.2% in August, down from July's 2.6%. However, the services sector is bucking the trend, with prices rising 4.2% year-over-year, up from 4.0% in July. This could spell trouble for the European Central Bank's (ECB) inflation targets.
Analysts predict September's overall inflation rate to dip to 1.8%, while core inflation holds steady at 2.8%. Germany's inflation data, due Monday, is expected to show a slight decrease to 1.8% from 2.0%.
Post-rate cut, ECB officials have adopted a dovish tone, leading some economists to speculate on accelerated rate cuts. Keep an eye on Wednesday's Eurozone employment report for further economic insights.
More debasement is coming...
#EurozoneInflation #ECB #EconomicTrends #ServicesSector #Bitcoin
Some week-end fun. Don't trust, verify!
#climatescam #socialism https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/6f6644ac63f20bb546057a3f1558042c8cdc62e3e643ca0c97062fbc185c5894.webp
GM from Bolonia/ Tarifa, birthplace of the great emperor Trajan. Time to think about the fall of the roman empire again.
Stay sovereign, any giant will fall if its time has come... #bitcoin https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/1ff5ed1b69521f5d551405468987309c7866547a6bca1f185da8c5b0e416023b.webp
GM from cabo de Trafalgar. Enjoy the week-end, take a cup of wine and forget about the lunatics...
Sectors like real estate are deflating brutally (which dries banks' bsheets). Growth collapsing and demografics are biting now.
The progressive infantilization of the political caste is taking on bizarre proportions. It is becoming unaffordable and is heading straight for disaster.
#ukraine #usa #russia #militarysector
Eurozone Inflation Cools: ECB Rate Cut on the Horizon
Inflation rates in France and Spain drop sharply, while consumer expectations in the Eurozone show a downward trend. Analysts predict potential ECB action in October.
Inflation across key Eurozone economies has shown a marked decrease, potentially paving the way for monetary policy shifts. Recent data from France and Spain, coupled with consumer expectations, suggest a changing economic landscape that could prompt action from the European Central Bank (ECB).
France witnessed a sharper-than-expected decline in inflation this September. The Harmonized Index of Consumer Prices (HICP) fell to 1.5% year-over-year, down from 2.2% in August, significantly undercutting economist predictions of 1.9%. This represents a 1.2% month-over-month decrease in consumer prices.
Similarly, Spain experienced a substantial easing of inflationary pressures. The HICP rose by only 1.7% annually in September, a notable drop from August's 2.4% and below the forecasted 2.0%. The national Consumer Price Index (CPI) also reflected this trend, rising by 1.5% compared to 2.3% in the previous month.
These developments coincide with shifting consumer sentiment across the Eurozone. The ECB's latest consumer survey reveals a decline in inflation expectations, with consumers anticipating a 2.7% increase in prices over the next year – the lowest level since September 2021. However, the three-year outlook remains above the ECB's 2% target at 2.3%.
In light of these trends, BNP Paribas Markets economists Paul Hollingsworth and Joao Vieira Pinto suggest that the ECB may place greater emphasis on the deteriorating short-term growth prospects for the Eurozone. They predict a potential 25 basis point interest rate cut as early as October 17th.
In short: brrrrrr, Chrissie
#Eurozone #Economy #InflationTrends #ECBPolicy #EconomicOutlook #MonetaryPolicy
At this stage #China needs a #lockdown asap!
China's Economy Stumbles: Central Bank Cuts Reserve Ratio Amid Falling Industrial Profits
China’s central bank, the People's Bank of China (PBoC), has slashed the reserve requirement ratio by 50 basis points, bringing it to an average of 6.6%. This immediate move comes alongside a cut in the seven-day reverse repo rate by 20 basis points to 1.5%, a crucial rate used to set the country’s benchmark interest rates.
At the same time, industrial profits continue to decline, with August figures showing a 17.8% drop compared to the previous year. This follows a modest gain of 4.1% in July, signaling deeper economic challenges and pushing Beijing toward further stimulus measures.
#China #Economy #MonetaryPolicy #CentralBank #IndustrialProfits #GlobalMarkets #Stimulus #InterestRates #PBoC #Manufacturing #Beijing
The map clearly shows the significance of Germany's social and economic disintegration for the old continent. 'Keep the Germans down and the Russians out'! - the motto of the old colonial rulers.
#europe #eu #germany #uk #geopolitics
Global Central Banking Adapts To Recessionary Trends
The lockdown disaster with its liquidity pump was followed by the sharpest rise in interest rates ever, with central bankers everywhere trying to catch the inflationary devil that they had unleashed in conjunction with their spending-happy politicians.
Now the coordinated turnaround downwards. This is all taking place against the geopolitical backdrop of the looming bankruptcy of states such as the UK, which are deeply involved in financing the chaotic state of Ukraine (and are hoping for reparation payments in the event of Russia's defeat) and which debt is accelerating.
Fiscal policy here, as in the USA and the EU, has slipped into a state of uncontrollable acceleration if we do not want to embark on the difficult path of credit deflation with all its consequences. Hard assets such as gold and bitcoin indicate what is to come: massive debasement of money to fill the gigantic gaps in state budgets that are more and more visible to the public now. When inflation returns (and it will return, wait for the US elections and its aftermath) it will be interesting to see the reaction of the central planners in the central banks: will interest rates shoot up again erratically during a recession and looming state bancruptcies?
#bitcoin #gold #inflation #centralbanks #interestrates #fed #ezb #pboc #eu
EU is a robbery scheme for central planners
You need to wait until they lost all their cash
China's Economic Gambit: Stimulus Overload Signals Deeper Troubles
Beijing's top brass have hit the panic button, calling an emergency Politburo meeting to discuss economic bailout plans. This move highlights the growing desperation to prop up a faltering economy in the face of mounting headwinds. The Communist Party's elite decision-makers are promising more fiscal and monetary support, just days after the central bank unleashed the next stimulus package.
But here's the kicker: China's debt-fueled growth strategy is running out of steam. As the government keeps pumping money into the system, private sector productivity continues to plummet – a classic Keynesian trap. The dragon's roar is becoming more of a whimper, and it's unclear how long they can keep this economic house of cards standing.
#China #Economy #Stimulus #KeynesianTrap #GlobalMarkets #Bitcoin
An illegitimate bastard of the king
Some real impressions of the german economy which clearly is in deep #recession. Even the propaganda ministry cannot hide it anymore. https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/d1ba85a2fba4afe55edbfcca362fe8654952a9fe2541ad705f3e13ce841a9531.webp
#germany #socialism
China's Central Bank Cuts Rates Amidst Economic Headwinds
In a bold move to stimulate its faltering economy, China's central bank has implemented a series of monetary policy adjustments. The People's Bank of China (PBoC) announced a reduction in the one-year medium-term lending facility rate from 2.3% to 2.0%, while simultaneously injecting 300 billion yuan of liquidity into the financial system.
This decision, unveiled on Wednesday, follows PBoC Governor Pan Gongsheng's earlier announcement of a cut in the seven-day reverse repo rate—China's primary policy rate—from 1.7% to 1.5%. These coordinated actions underscore Beijing's commitment to addressing economic challenges through monetary easing which of course will have an impact on inflation and asset prices.
However, financial experts at UBS caution that monetary policy alone may not suffice. While acknowledging the positive shift towards a more accommodative stance, UBS analysts emphasize the need for substantial fiscal support to complement these measures. They note that current stimuli fall short of previous large-scale economic packages that triggered sustained market rallies.
UBS suggests that breaking the ongoing deflationary debt cycle may require a budget revision in October, potentially introducing additional fiscal incentives. This could be particularly likely if third-quarter GDP growth significantly underperforms the 5% target.
#China #Economy #MonetaryPolicy #GlobalMarkets #EconomicStimulus #CentralBanking #Bitcoin #Inflation
GM from 'Punta Paloma' near Tarifa.
Viva #España