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☆ Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed
▼ + stars: | 2024-04-25 | by ( Eshe Nelson | ) www.nytimes.com time to read: +1 min

Europe’s central bankers are trying to get out of the shadow of the United States. Now, European Central Bank policymakers are emphasizing how much the inflation problem has eased in the eurozone. All week, Europe’s policymakers reiterated their growing confidence that high inflation was dissipating in the eurozone and that their 2 percent inflation target was in sight. The E.C.B., which sets interest rates for all 20 countries that use the euro, has signaled it could cut rates at its next policy meeting in early June. “We’re clearly in a disinflation process,” said Gabriel Makhlouf, governor of Ireland’s central bank and one of the 26 members of the E.C.B.’s governing council.

Persons: “ We’re, ”, Gabriel Makhlouf Organizations: European Central Bank, International Monetary Fund, World Bank Locations: United States, Washington, Ireland’s, U.S

☆ Here's what 12 European Central Bank members said about interest rates this week
▼ + stars: | 2024-04-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

The ECB opted to hold rates steady in April and next meets to vote on monetary policy on June 6. Christine Lagarde, president of the ECBThe ECB's figurehead delivered a firm message that reflected her statements in recent press conferences: markets should expect an interest rate cut soon, barring major surprises. watch nowGabriel Makhlouf, governor of the Central Bank of IrelandMakhlouf said the most recent data sets had shifted his view on rates. "We don't follow the Fed... and now the ECB will be the central bank to be followed," Šimkus said. One could have cut rates way back in March or even April," he continued, adding that he hoped a majority of Governing Council members would back a June cut.

Persons: Kirill Kudryavtsev, Christine Lagarde, Lagarde, CNBC's Sara Eisen, Galhau, Villeroy, Karen Tso, Joachim Nagel, Germany's, Nagel, Robert Holzmann, Mario Centeno, Centeno, Gabriel Makhlouf, Central Bank of Ireland Makhlouf, we've, Makhlouf, Pierre Wunsch, Wunsch, Boris Vujčić, Jerome Powell, Vujčić, Gediminas Šimkus, Bank of Lithuania Šimkus, Šimkus, Edward Scicluna, Central Bank of Malta Scicluna, Kazāks, Bank of Latvia Kazāks, Olli Rehn, Rehn Organizations: Afp, Getty, International, European Central Bank, CNBC, ECB, Bank of France, Council, Austrian Central Bank One, Bank of Portugal, Central Bank of Ireland, National Bank of, Croatian National Bank, Federal, U.S, Bank of Lithuania, Central Bank of, Governing, Bank of Locations: Frankfurt, Germany, New York, ECB's, National Bank of Belgium, U.S, Europe, Central Bank of Malta, Bank of Latvia, Bank of Finland

☆ ECB's Makhlouf: Expect a change in rates in June in the absence of shocks
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB's Makhlouf: Expect a change in rates in June in the absence of shocksGabriel Makhlouf, governor of the Central Bank of Ireland, tells CNBC's Karen Tso that he expects a change in the European Central Bank's policy on interest rates, barring any unexpected events.

Persons: Gabriel Makhlouf, Karen Tso Organizations: Central Bank of Ireland

☆ Euro finds footing on hawkish policy remarks, lower energy prices
▼ + stars: | 2023-11-09 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. The Australian dollar fell 0.5% overnight and was last at $0.6405, just above its 50-day moving average. It seems set for its largest weekly fall since June, as the central bank appeared to raise the bar for further hikes after lifting rates on Tuesday. In Asia, China's yuan touched a two-month high in overnight offshore trade. China's consumer prices fell in October, data showed on Thursday, stoking expectations for lower interest rates.

Persons: Dado Ruvic, Gabriel Makhlouf, Joachim Nagel, Jane Foley, Mario Draghi, Brent, Ping, Michael Wan, Jerome Powell, Tom Westbrook, Christian Schmollinger Organizations: REUTERS, Central Bank's, Bank of Japan, Rabobank, Treasury, New Zealand, Canadian, Italian, ECB, Financial, Reuters, Ping An Insurance Group, HK, MUFG, Bank of Israel, Thomson Locations: SINGAPORE, Ireland's, U.S, Asia, Europe, Singapore, East, Gaza City

☆ ECB's Makhlouf undecided about rate rise beyond July
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: 1 min

DUBLIN, June 24 (Reuters) - European Central Bank governing council member Gabriel Makhlouf said on Saturday that while some colleagues already feel further interest rate rises will be needed beyond July, he is prepared to wait and look at the evidence. "On the evidence that we have at the moment, it does look like, in July, there will be another 25 basis point increase. Some colleagues do feel that we're likely to need further rises in the autumn. I'm just prepared to look at the evidence," Makhlouf told the Irish Independent in an interview. Reporting by Padraic Halpin; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Gabriel Makhlouf, I'm, Makhlouf, we're, Padraic Halpin, Toby Chopra Organizations: DUBLIN, Central Bank, Irish Independent, Thomson

☆ Morning Bid: When doves cry
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +2 min

The market has succumbed to the Fed and is now pricing U.S. interest rates to stay above 5% for the year. This has pushed benchmark 10-year Treasury yields to their highest since late December, with the dollar at six-week highs. Thursday's report showed goods and services prices increased, raising questions about the goods disinflation narrative, according to strategists from Saxo Markets. UK retail data and French inflation data are on deck and will help investors to gauge the state of inflation in the region. The data comes a day after France's CAC 40 touched a record high while London's FTSE 100 continued its recent run of record highs.

☆ Factbox: Key ECB policymaker comments since Feb rate hike
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +4 min

By smoothing our policy rate hikes – that is, moving in small steps – we can ensure that we calibrate (policy) more precisely. Boris Vujcic, Croatian central bank governor, Feb. 10"I would agree that we are likely to see more rate action beyond March." Joachim Nagel, German central bank chief, Feb. 7"From where I stand today we need further, significant rate hikes." Pierre Wunsch, Belgian central bank chief, Feb. 3"I don’t think we're going to move from 50 basis points (in March) to zero. Gediminas Simkus, Lithuanian central bank chief, Feb. 3"The March rate hike is not the last one.

☆ ECB's Makhlouf says long way to 2% target; credibility 'at risk'
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, Feb 16 (Reuters) - The European Central Bank still has a way to go to sustainably return inflation to its 2% target and its credibility - and ultimately its independence - is at stake, ECB Governing Council member Gabriel Makhlouf said on Thursday. "There is a risk that trust and credibility in central banks will take another buffeting from the recent high inflation," Makhlouf, governor of the Irish central bank, said in a lecture at the London School of Economics. "And, while headline inflation has declined from its end-2022 highs, in part thanks to lower energy prices, I believe we still have a way to go to return inflation sustainably to our 2 per cent target." In his speech, Makhlouf warned that central bank independence "is not just given, it has to be earned and maintained. "Trust and credibility, painstakingly built over time, can be destroyed quickly," he said.

☆ Morning Bid: What landing?
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in European and global markets from Wayne Cole. Forget soft landing, equities seem to be betting on no landing for the U.S. economy: a sublime state where steady growth and low unemployment can co-exist with slowing inflation and higher interest rates. That at least would explain the resilience of stocks to blockbuster U.S. retail data and the rise of 10-year Treasury yields to seven-week highs. After an initial dip, Wall Street rallied into the close and futures have since nudged higher, lifting Asian markets in the process. That's a marked divergence from the Blue Chip consensus which has been tipping a sharp contraction for the quarter.

☆ Analysis: ECB faces new communication challenge as inflation falls
▼ + stars: | 2023-02-16 | by ( Balazs Koranyi | ) www.reuters.com time to read: +5 min

But core inflation is proving stubborn and could still rise from last month's 5.2%. "We have to continue to emphasize that we have this medium term perspective," Klaas Knot, the Dutch central bank chief said. It has oscillated between focusing on current inflation, future inflation and core inflation. Wages are the biggest factor in that sector's prices and services inflation is still just above 4%. So wage growth of the magnitude of 5% or more could push services inflation even higher.

☆ Morning Bid: Growth trumps rates
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +6 min

While there were some questions about seasonal adjustments in the data, economists were impressed that sales growth was pretty broad based and have scrambled to re-crunch first quarter U.S. output forecasts as a result. There may be a more mixed picture from Thursday's data slate on producer prices, housing starts and weekly jobless claims. Even though rates futures and Treasury yields ticked back a bit today, pricing now has Fed policy rates moving as high as 5.25% and staying above 5% all year. And while full-year earnings growth estimates for S&P500 companies have sunk to zero, consensus forecasts are now pencilling in a rebound of almost 12% next year. Uncertainty about the pace of growth and annual tax receipts in April makes it difficult for government officials to predict the exact "X-date", it said.

☆ ECB's Nagel, Makhlouf flag interest rate rises beyond March
▼ + stars: | 2023-01-25 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

DUBLIN, Jan 25 (Reuters) - European Central Bank policymakers Joachim Nagel and Gabriel Makhlouf said on Wednesday they would not be surprised if interest rate increases continue into the second quarter after two expected moves in February and March. Nagel said the ECB had already committed to raising rates sharply again over the next two months. Nagel, the president of Germany's Bundesbank, told Spiegel magazine that he "wouldn't be surprised if we have to keep raising rates even after the two announced steps." While euro zone inflation eased to an annualised 9.2% in December from 10.1% a month earlier, Ireland's Makhlouf said it remains "far too high." Reporting by Padraic Halpin; Editing by Frank Jack Daniel, Kirsten Donovan and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ Irish central bank chief calls for ban on crypto advertising
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/IllustrationDUBLIN, Jan 25 (Reuters) - Ireland's central bank governor urged lawmakers on Wednesday to ban the advertising of crypto assets targetted at young adults, likening crypto not linked to any underlying assets to a Ponzi scheme. A long-time critic of crypto assets, Gabriel Makhlouf said that while they presented minimal financial stability risk for now, the Irish regulator was very concerned about the impact on retail customers. "There's a reasonable number of young adults who have put their money into crypto and there is an uncomfortable level of advertising that is targeted at that cohort. If you could find a way, I would recommend that adverts to that cohort are banned," Makhlouf told an Irish parliamentary committee. "Unbacked crypto is essentially a Ponzi scheme... People who put their money into unbacked crypo, and most of the significant stock of crypto out there is unbacked, they are essentially gambling."

☆ Analysis: Europe's inflation problem will linger for years to come
▼ + stars: | 2022-12-06 | by ( Balazs Koranyi | ) www.reuters.com time to read: +5 min

Government stimulus measures are working against the ECB's policy tightening, and too much of the energy price rise has seeped into the broader economy through second-round effects, fuelling underlying price growth. "The core inflation rate is unlikely to peak until mid-2023 and will only fall slowly thereafter," Commerzbank economist Christoph Weil said. "Against this backdrop, the ECB's goal of pushing the inflation rate back to just under 2% on a sustainable basis seems a long way off." The ECB's new projections, due out next week, are set to show inflation above target through 2024 and only falling to 2% in 2025. But it is not evident that after a few years of above-trend growth, wage-setting will fall back in line with the ECB's target.

☆ Morning Bid: Five Alive
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +4 min

And given that investors are overwhelmingly positioning for peak rates by mid year and Fed rate cuts after that, the 'good news is bad news' reactions re-emerged on Monday. Futures markets pushed their implied Fed 'terminal rate' next May back above 5% - from as low as 4.85% shortly after Fed Chair Jerome's peculiarly dovish speech last week. There were further signs that China's COVID restrictions are being lifted gradually - though that's ambiguous for global inflation outlooks more generally. There will also be attention later on the U.S. Senate runoff in Georgia - although Democrats have control of the Senate regardless. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Gold regains some ground as dollar dips
▼ + stars: | 2022-12-06 | by ( ) www.cnbc.com time to read: +1 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices edged up on Tuesday, helped by a slight pullback in the U.S. dollar, which makes the greenback-priced bullion less expensive for buyers holding other currencies. Bullion dropped from a five-month high to close 1.6% lower as the dollar rebounded after the data prompted speculation the Fed may lift interest rates more than recently projected. Higher interest rates tend to weigh on gold's appeal as they increase the opportunity cost of holding the non-yielding metal. The European Central Bank is also likely to raise interest rates by 50 bps next week amid ongoing inflationary concerns, governing council member Gabriel Makhlouf said on Monday.

☆ ECB's Makhlouf expects 50 bps rate hike in December
▼ + stars: | 2022-12-05 | by ( Padraic Halpin | ) www.reuters.com time to read: +3 min

DUBLIN, Dec 5 (Reuters) - The European Central Bank is likely to raise interest rates by 50 basis points (bps) in its December meeting, governing council member Gabriel Makhlouf said, while stressing that the rates may have to move into "restrictive territory" next year. Makhlouf told journalists after the speech that the governing council was likely to settle on a 50 bps increase. French central bank chief Francois Villeroy de Galhau said on Sunday he favoured a 50 bps increase. We have to be open to policy rates moving into restrictive territory for a period," said Makhlouf, Governor of the Central Bank of Ireland. "It is premature to be talking about the end-point for policy rates amid the prevailing levels of uncertainty."

☆ ECB's Makhlouf sees smaller interest rate hikes in 2023, if needed
▼ + stars: | 2022-11-27 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, Nov 27 (Reuters) - The European Central Bank will likely increase interest rates by smaller increments next year if further hikes are needed, governing council member Gabriel Makhlouf was quoted as saying on Sunday. Makhlouf said this week that his mind is open on the size of that hike. "When we get into next year, the likelihood is that if the rates go up, they'll go up by smaller increments," Makhlouf, the Irish central bank chief, told Ireland's Sunday Independent newspaper in an interview. "Then we'll have to see what's happening to the euro area economy - so we can judge how much more we need to do. And over what pace do we need to do it...

☆ Euro zone may be facing recession but rate hikes necessary, ECB's Makhlouf says
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: 1 min

NICOSIA, Oct 18 (Reuters) - The euro zone economy may be facing a recession but rate hikes remain absolutely necessary because persistently high inflation is damaging the economy and stability, European Central Bank policymaker Gabriel Makhlouf said on Tuesday. "The euro area is facing a difficult combination of high inflation and low economic growth, including the possibility of a technical recession," Makhlouf, Ireland's central bank governor said in Cyprus. "History teaches us that these issues will only be exacerbated if we delay action and raising interest rates is absolutely necessary as persistent inflation is damaging to macroeconomic stability." Register now for FREE unlimited access to Reuters.com RegisterReporting by Balazs Koranyi; Editing by Jon BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Marea Britanie forțează deportarea a 30 de români după Brexit, în plin lockdown și răspândire a tulpinii noi de Covid
▼ + stars: | 2021-01-06 | by ( ) www.zdg.md time to read: +2 min

Cele două zboruri vor trimite înapoi în România și Polonia câte 30 de cetățeni ai celor două țări care au fost deportați din Regatul Unit. Ministerul britanic a anunțat că vor fi luate „măsuri adecvate” pentru a preveni răspândirea Covid-19, iar personalul care îi va escorta pe români și polonezi va purta mască, iar persoanelor deportate le va fi verificată temperatura înainte de a părăsi centrele de detenție. În trecut, guvernul britanic a fost obligat să renunțe la niște deportări planificate din cauza apariției unui focar într-un centre detenție. Cu o săptămână înainte, un bărbat deportat din UK în Jamaica fusese testat pozitiv la coronavirus chiar la sosirea în țară. Acest fapt arată disprețul nu doar pentru viețile celor deportați dar și pentru Regat și pentru țările de destinație”.

Persons: Pierre Makhlouf Organizations: Ministerul, Interne, Independent, ONU Locations: Brexit, România, Polonia, Regatul Unit, britanic, UK, Jamaica

☆ Primele condamnări în atacurile teroriste de la Charlie Hebdo și magazinul Hyper Cacher, comise în ianuarie 2015
▼ + stars: | 2020-12-17 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Tribunalul penal special din Paris a condamnat miercuri mai mulţi indivizi acuzaţi de implicare în comiterea atacurilor teroriste, conform publicaţiilor Le Monde şi Le Figaro. Mohamed Belhoucine este considerat un apropiat al lui Amedy Coulibaly, autorul atacului de la magazinul Hyper Cacher. Hayat Boumeddiene, fosta parteneră a lui Amedy Coulibaly, a fost condamnată la 30 de ani de închisoare, tot pentru complicitate. În cazul lui Mehdi Belhoucine, fratele lui Mohamed Belhoucine, instanţa a constatat circumstanţe care împiedică posibilitatea aplicării procedurii penale. Mehdi Belhoucine este considerat mort în Siria, dar el a fost condamnat deja într-un alt proces, finalizat în ianuarie.

Persons: Charlie Hebdo, Said, Le, Figaro, Mohamed Belhoucine, Amedy, Hayat, Boumeddiene, Ali Riza, Ramdani, Willy Prévost, Metin, Michel Catino, Miguel Martinez, Said Makhlouf, Mohamed Farès, Christophe Raumel, Mehdi, instanţa Locations: Paris, Franţei, Siria, francez

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