Warwick Economics Summit 2024 Set to Inspire Global Dialogue with Distinguished Speakers and Youth Engagement news.europawire.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.europawire.eu Daily Mail and Mail on Sunday newspapers.
European Central Bank President Christine Lagarde said the paring back of key interest rates in the eurozone will only happen if the ECB was convinced inflation would reach its 2% target, dampening hopes among investors for early cuts, as she also waded into the US presidential election. She could not suggest a date, "But if we reach 2%, as we expect for 2025 - and data confirms this in the coming months - I am very confident that interest rates will fall," the president said on Thursday evening
Boris Vujčić, Governor of the Croatian National Bank and European Central Bank Governing Council member, expressed optimism about achieving a soft landing in the eurozone without recession or significant unemployment. However, the ongoing war between Israel and Hamas poses a risk of higher energy prices. Vujčić emphasizes the importance of data in determining future rate changes, staying prepared for both rate increases and cuts in 2024.