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EUR/CAD News
Eurozone Consumers Feel the Chill
Express News | Nomura: The European Central Bank's deposit rate may drop to 1.75% or below in 2025.
Canadian Retail Sales up 0.6% in October, Buoyed by Vehicle Purchases
Canada Retail Sales Cool After Growing Again in October
CIBC Comments on Canada October Retail Sales, November's Advance Estimate
Canada Wholesale Sales Estimated to Have Fallen 0.7% in November
Canada's Job Market Is "Chilly", Says BMO
Canadian Dollar Could Recover After Elections -- Market Talk
Italian Business Confidence Improves in December; Consumer Sentiment Falls
Ifo: Business Climate in German Retail Sector Falls Amid Weak Demand
Syndicated Bond Issuance in Eurozone Likely to Stay Heavy in January -- Market Talk
The "last mile" challenge of inflation reappears, will central banks in Europe and the United States only slowly reduce interest rates in 2025?
The USA PCE price index has rebounded year-on-year for two consecutive months, and the United Kingdom CPI inflation has also jumped from 1.7% in September to 2.6%, exceeding the target level of 2%. Currently, traders expect the Federal Reserve to cut interest rates once next year, with a 50% probability of a second rate cut, whereas a month ago, expectations were for two rate cuts; it is anticipated that the Bank of England will cut rates twice next year, a decrease from the four rate cuts expected in October.
France's Central Bank Chief Calls for Significant Deficit Cut
UBS on The Outlook for Bank of Canada Policy Action
Canadians Urged to Take Risks as Equity Deals Hit 23-year Low
EUR: Post-Fed Drop Holds Near November Low – Scotiabank
CAD: Limited Potential to Recover – Scotiabank
Eurozone Current Account Surplus Falls in October
ECB committee member: The European Central Bank should maintain a consistent pace of interest rate cuts.
On December 19, Gelonghui reported that ECB Governing Council member Simkus stated that as inflation increasingly comes under control, the European Central Bank should continue to reduce borrowing costs at the current pace. Simkus mentioned that the downward direction of monetary policy is clear. He warned that while price risks for 2025 appear balanced, there could be downside risks in 2026. "When it comes to future decisions, they will be determined by the data available at that time. The best case scenario is to gradually and continuously lower to a neutral interest rate." Analysts expect the ECB to reduce the deposit rate from the current 3% to 2%. Market investors anticipate the path.
German Sentiment Likely to Improve After Elections -- Market Talk