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ECB Insight: Villeroy Punctures Lagarde’s Balloon of Strategic Ambiguity, Offers Clarity on October Cut

ECB Insight: Villeroy Punctures Lagarde’s Balloon of Strategic Ambiguity, Offers Clarity on October Cut

By David Barwick – FRANKFURT (Econostream) – Hours after our prediction one week ago that the European Central Bank’s Governing Council would cut interest rates in October, ECB President Christine Lagarde dropped what we and others considered a corroboratory hint. For those not fond of her strategic ambiguity, Council member François Villeroy de Galhau has now provided greater clarity.

7 October 2024
ECB Insight: In Which We Change Our October Call: Governing Council to Cut

ECB Insight: In Which We Change Our October Call: Governing Council to Cut

By David Barwick – FRANKFURT (Econostream) – Last Thursday we outlined a path for the European Central Bank’s Governing Council to cut interest rates in October rather than wait until December. Still, an October cut was, we wrote, ‘no given yet, though the odds have clearly risen.’

30 September 2024