Investors appear poised to shift their focus, worrying about economic growth, rather than whether inflation will allow the Fed to cut borrowing costs. ...

Monetary Policy Stance - The ECB governing council decided to keep the three key ECB interest rates unchanged [1][21] - The ECB will follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance [3][22] - The ECB is not pre-committing to a particular rate path [4][22] - The ECB stands ready to adjust all instruments within its mandate to ensure inflation stabilizes sustainably at the 2% medium-term target [23] Inflation Outlook - Headline inflation is currently around the 2% medium-term target [1] - ECB staff projects headline inflation averaging 21% in 2025, 17% in 2026, and 19% in 2027 [2] - Inflation, excluding energy and food, is expected to average 24% in 2025, 19% in 2026, and 18% in 2027 [2][13] - Annual inflation edged up to 21% in August from 2% in July [10] Economic Growth - The economy grew by 07% in cumulative terms over the first half of the year [5] - The economy is projected to grow by 12% in 2025, revised up from the 09% expected in June [2] - The growth projection for 2026 is now slightly lower at 1%, while the projection for 2027 is unchanged at 13% [3] - The unemployment rate was 62% in July [6] Financial Conditions - The average interest rate on new loans to firms moved down to 35% in July from 36% in June [20] - The cost of issuing market-based debt was unchanged at 35% [20] - Loans to firms grew by 28%, slightly more strongly than in June, while the growth of corporate bond issuance rose to 41% from 34% [20] - The average interest rate on new mortgages was again unchanged at 33% in July, while growth in mortgage lending picked up to 24% [20]

Fitch Ratings may downgrade Poland’s sovereign score if the country fails to stabilize its government debt level or maintain economic growth momentum https://t.co/htmvVBv69D ...

Summary of European Central Bank Update / Briefing September 11, 2025 Key Points on the ECB and Economic Outlook ECB Interest Rates and Inflation Projections - The European Central Bank (ECB) decided to keep the three key interest rates unchanged, with inflation currently around the 2% medium-term target [2][11] - Headline inflation is projected to average 2.1% in 2025, 1.7% in 2026, and 1.9% in 2027, while inflation excluding energy and food is expected to average 2.4% in 2025, 1.9% in 2026, and 1.8% in 2027 [2][7] - The economy is projected to grow by 1.2% in 2025, revised up from 0.9% expected in June, with a slight decrease in growth projection for 2026 to 1% [2][4] Economic Resilience and Consumer Spending - The economy grew by 0.7% in cumulative terms over the first half of the year, driven by strong domestic demand [4] - The unemployment rate was reported at 6.2% in July, which is expected to boost consumer spending as people save less of their income [4][6] - Investment is expected to be supported by substantial government spending on infrastructure and defense [5] Risks and Challenges - Risks to economic growth are now considered more balanced, with recent trade agreements reducing uncertainty [8] - Geopolitical tensions, such as the conflict in Ukraine and the Middle East, remain significant sources of uncertainty [8] - The outlook for inflation is uncertain due to the volatile global trade policy environment, with potential for both lower and higher inflation depending on various factors [9] Financial and Monetary Conditions - Short-term market rates have increased, while longer-term rates have remained stable [10] - The average interest rate on new loans to firms decreased to 3.5% in July, with corporate borrowing costs continuing to decline [10] - Growth in loans to firms was reported at 2.8%, and corporate bond issuance rose to 4.1% [10] ECB's Approach to Monetary Policy - The ECB will follow a data-dependent and meeting-by-meeting approach to determine monetary policy stance, without pre-committing to a specific rate path [3][11] - The Governing Council emphasizes the importance of assessing incoming economic and financial data to inform interest rate decisions [3][11] Additional Insights - The ECB is focused on ensuring that inflation stabilizes at the 2% target in the medium term, with a commitment to adjust instruments as necessary [11] - The introduction of a digital euro and the completion of the Savings and Investment Union are highlighted as critical for future economic stability [6] Conclusion - The ECB remains vigilant in monitoring economic conditions and is prepared to adjust its monetary policy as needed to maintain stability and support growth in the euro area [11]

FRANKFURT, Sept 11 (Reuters) - The European Central Bank left interest rates unchanged on Thursday as expected but offered no clues about its next move, even as investors continue to bet that more support will be needed as inflation dips below target next year. Following are highlights of ECB President Christine Lagarde's comments at a news conference after the policy meeting. MORE ON THE BALANCE OF RISKS "If you walk back to June, we had a highly uncertain situation. It was post April 19, sure, but it ...

Indonesia’s new finance minister unveiled a roughly $12 billion cash injection to stimulate lending, proving his commitment to President Prabowo Subianto’s growth agenda barely two days into the job. https://t.co/615NBFSUQg ...

[Music] Producer prices fell a tenth of a percent in August while expectations were that inflation would increase. We're still awaiting of course Thursday's CPI data to see how consumer prices fared in the month. But a positive signal to investors who are anticipating the Fed will cut rates next week. Ed Yardi, our Denny Research president, joining me now to talk more through all of this. Ed, it's great to see you. So, does this wholesale inflation number sort of confirm what we're going to get from the Fed ...

RT Paul Atkins (@SECPaulSAtkins)I enjoyed speaking with @BritAmBusiness this week in London. I outlined ways in which we can work together to strengthen our capital markets and to promote economic growth in the U.S. and abroad. https://t.co/11tXm5qKOz ...

I've said I don't want to raise income taxes on high netw worth people. I want them to know that New York is a place where we want to foster innovation. Uh be open to your success because your success means you're hiring more people. You're putting more people to work.Any tax increase has to come across my desk first. So I will work with whomever the mayor is as long as they want to help foster my policies which is prog growth, pro business. And uh if it's Mandami, I will work closely with him to help him u ...

A stalling labor market points to slower growth ahead in the US. A drop in stock prices on this reality would be a buying opportunity, @edwarnh argues, as long as a recession isn't on the horizon https://t.co/5FNRZJgyk8 ...