ECB’s Stournaras: Have To Cut Rates Twice Before Summer Break | Crypto Craft

  • ECB’s Stournaras: Have To Cut Rates Twice Before Summer Break

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Banditten
Mar 14, 2024 4:51am
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Personally I am not concerned about inflation. Yes, there might be a little volatility but for me rates are the biggest concern. And I think that goes for the majority of house owners. Housing transactions and housing starts are rock bottom and its no surprice. But for the cash buyers there are some very good opportunities in the current market. And as the rates continue to stay at this level it will only get worse/better.
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Banditten
Mar 14, 2024 3:48am
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Quoting Vancarbon
I speak Greek :Let me interpret “ We’re in the sh#t “
Actually Greece is not doing so bad. I have been long Greece for a long time and thats been a good bet. But you are right that EU as such is in a bad bad shape and I just dont trust that we have the CB to cope with the issues that we are facing. Especially the chief appear straight out stupid and ignorant (but she is french so the ignorance I can understand).
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Banditten
Mar 14, 2024 4:25am
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Quoting Vancarbon
Even when rates are reduced the lag effect which can take months, if not years to feed through into the underlying economy will not produce corporate profits. Everything is being game played out and front run to maintain momentum until the moment comes the major banks will reverse this irrational exuberance and take the market to the cleaners with a swift 10% reversal, leaving retail and dip buyers wondering what happened .
Agreed, I think - at least for europeans - the current interest environment hurts badly. Reducing rates by .25 will not make people jump out buying all kind of unnecessary chinese plastic. I think it will take even longer for reduced rates to come through to consumers than it did for higher rates. But we will see, lower rates are incoming and its just a matter of how low and how quickly we will see it. Personally I think the short rate will be below 2% again in 25.
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swagtrading
Mar 14, 2024 3:41am
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Just FYI...ECB's summer break is generally in August! So perhaps they looking at April and July.
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rashadali
Mar 14, 2024 4:06am
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Sell usd ))
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Trader#615F
Mar 14, 2024 3:30am
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the cost of money must be 1,5-2% above inflation
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