[フランクフルト ３日 ロイター] – Although there is growing speculation that the European Central Bank (ECB) will accompany a further increase in US Federal Reserve (FRB) interest rates, ECB officials are concerned about the future course of interest rates. the difference.
The Federal Reserve announced an additional 0.75 percentage point rate hike at its Federal Open Market Committee (FOMC) meeting on June 1-2. Given the “cumulative effect of monetary tightening” that has been implemented so far, Chairman Powell suggested that future interest rate increases may be smaller, but Chairman Powell said at a press conference to what extent they should raising interest rates There is still considerable uncertainty. about whether the
ECB President Christine Lagarde said at a conference in Riga, Latvia, on Thursday that the Fed’s policy decisions need to be taken with care because they affect global markets, but she said, “We are not the same. We cannot going at the same speed (or) under the same economic outlook,” he said.
At the same time, “we are affected by the transmission of policy through financial markets and, to a lesser extent, trade, because obviously the exchange rate is important and must be considered in our inflation forecasts,” he said.
Speaking at the ECB meeting, Panetta said a larger-than-expected rate hike could disproportionately harm economic growth, house prices and financial markets. “If a higher-than-expected rate rise is interpreted as implying an overspending of the final level of interest rate rises, rather than a more rapid normalization of policy, it could have a larger-than-expected impact on the funding environment and, in turn, on economic activity .’, acknowledging that the ECB should be careful.
Italian central bank governor Visco, a member of the ECB’s governing board, warned against assuming the ECB would follow in the Fed’s footsteps, supporting market expectations that eurozone rates will fall below rates the US.
Portugal’s central bank governor Centeno also said the ECB raised interest rates by a total of 200 basis points (bp) at three meetings through October, helping to curb eurozone inflation expected to peak this quarter. which are needed to save the economy have already been implemented.
Meanwhile, some officials support more aggressive rate hikes.
Latvia’s central bank governor, Cazaaks, said at a conference attended by Lagarde, “It is clear that interest rates will need to be significantly higher in order to bring inflation down to the 2% target over the medium term.” You don’t have to,” he said.
“The ECB should not refrain from further rate hikes,” Deutsche Bundesbank President Nagel said at a meeting in Madrid.
