European Central Bank (:) Update / briefing February 05, 2026 08:45 AM ET Company ParticipantsAlex Weber - ReporterAnnette Weisbach - ReporterAude Kersulec - JournalistChelsey Dulaney - ReporterChristine Lagarde - PresidentFrancesco Canepa - Senior European Economics CorrespondentOlaf Storbeck - Frankfurt Bureau ChiefStefan Reccius - ECB WatcherWolfgang Proissl - Director General CommunicationsWolfgang ProisslGood afternoon, and welcome to our press conference with President Lagarde and Vice President de Gu ...

百万用户都在看 集体杀跌！三大变数，突袭股市！ 直线大跳水！刚刚，多股跌停！白银，崩了 A股突发！多只大牛股，紧急提示风险！ 利好来了！多只A股，突发公告！ AI，突传重磅！四大巨头，同时出手！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 欧洲央行维持三大关键利率不变 欧洲中央银行当地时间5日在位于德国法兰克福的总部召开货币政策会议，决定继续维持欧元区三大关键利率 不变，符合市场预期。 根据欧洲央行当天发布的新闻公报，欧元区存款机制利率、主要再融资利率和边际借贷利率分别维持在 2.00%、2.15%、2.40%不变。欧洲央行表示，最新评估结果显示，通胀在中期内有望稳定在2%的目标水平附 近。 来源：央视新闻 责编：汪云鹏 校对： 刘星莹 ...

“There might be a glass half full and a glass half empty perspective on the moves here. On the one hand, tech stocks are potentially too richly valued. On the other hand, the strength in the market is broadening out in a sign of improving economic fundamentals, backed up by data that shows more robust economic conditions,” according to Kyle Rodda at Capital.com.In yesterday’s trading session, Wall Street’s three main equity benchmarks closed mixed. Advanced Micro Devices (AMD) sank over -17% and was the top ...

The door to more rate cuts could open further soon, according to a Federal Reserve Bank president, but only if economic indicators remain sustainable on their current trajectories. "There was a lot to like in this [consumer price index] report, for sure," Federal Reserve Bank of Chicago President Austan Goolsbee said in an interview on "The Claman Countdown" Thursday."If we keep getting reports like this — I realize it's just one month, and you never want to hinge too much on a single month — but that was a ...

Core Viewpoint - The European Central Bank (ECB) has maintained interest rates at 2% for the fourth consecutive meeting, reflecting stable inflation around the target level and resilience in the euro zone against global economic shocks [1] Economic Outlook - The ECB's decision was accompanied by new forecasts indicating stronger economic growth and an expectation for inflation to return to 2% by 2028, after being below this level in the next two years [1]

Core Insights - The conforming loan limit for one-unit properties in the U.S. will increase to $832,750 in 2026, up from $806,500 in 2025, reflecting a rise of $26,250 [1][4] - The increase in the conforming loan limit is in line with the 3.26% rise in average U.S. home prices reported by the FHFA [4][5] - High-cost areas will see higher loan limits, with a ceiling of $1,249,125 for one-unit properties, and specific limits for Alaska, Hawaii, Guam, and the U.S. Virgin Islands [5][6] Conforming Loan Limits - The new baseline conforming loan limit for 2026 is set at $832,750, which is a significant adjustment based on the average home price increase [3][4] - The FHFA's House Price Index indicates a 3.26% increase in home values over the past year, justifying the rise in loan limits [4][10] - For high-cost areas, the conforming loan limit will be higher than the baseline, with a ceiling limit established at 150% of the baseline [5][6] Market Trends - The mortgage market is experiencing shifts due to changing economic conditions, with consumer confidence dropping to a seven-month low [9][10] - Retail sales showed a modest increase of 0.2% in September, indicating a cautious consumer spending environment [10][15] - The bond market has seen rallies, with Treasury yields dipping as investors react to economic data and consumer sentiment [12][14] Compliance and Regulatory Changes - Credit unions are facing evolving compliance expectations, emphasizing the importance of risk reduction and long-term trust [2][3] - A webinar is scheduled to address compliance challenges and opportunities for credit unions, focusing on regulatory pressures and operational demands [2][3] Industry Initiatives - Symmetry Lending has introduced enhancements to its HELOC products, including lower FICO score requirements and new tax return policies for self-employed borrowers [2] - Spring EQ is launching a charitable initiative, "Giving TWO-SDAY," to support veterans and children battling cancer, linking business activities to social causes [2]

Core Points - New Zealand has appointed Anna Breman as the new central bank governor, marking the first time a woman has held this position [1][4] - Breman is currently the First Deputy Governor of Sweden's central bank, the Riksbank, and will assume her role at the Reserve Bank of New Zealand (RBNZ) on December 1 [1][2] - The appointment follows a significant shakeup at the RBNZ amid criticism regarding its economic management [1] Group 1 - Anna Breman brings a strong blend of technical skills and organizational leadership experience to the RBNZ [2][3] - The RBNZ board conducted a global search identifying 300 potential candidates before nominating Breman [3] - Breman has extensive experience in monetary policy, financial stability, and payments systems from her time at the Riksbank [4] Group 2 - Breman is the first foreign national to be appointed as the RBNZ governor in its modern history [4][5] - New Zealand has a historical significance in women's rights, being the first self-governing country to grant women the vote [5] - The previous governor, Christian Hawkesby, will step down after a brief tenure following the resignation of Adrian Orr [6]

Economic Overview - The U.S. economy has demonstrated resilience amid significant changes in economic policy, with the labor market near maximum employment and inflation decreasing from post-pandemic highs [2][4] - The unemployment rate has increased by almost one percentage point, a trend typically associated with recessions, while the labor market remains balanced [4][11] - GDP growth has slowed to 1.2% in the first half of the year, down from 2.5% in 2024, primarily due to a decline in consumer spending [12] Labor Market Dynamics - Payroll job growth has slowed to an average of 35,000 per month over the past three months, a significant drop from 168,000 per month in 2024 [8] - The unemployment rate stands at a historically low level of 4.2%, indicating a stable labor market despite the slowdown in job growth [8][10] - Labor supply has softened, with a notable decrease in labor force growth attributed to tighter immigration policies [10][11] Inflation Trends - Total PCE prices rose by 2.6% over the 12 months ending in July, with core PCE prices increasing by 2.9% [13] - Higher tariffs are contributing to price increases in certain goods, with expectations that these effects will accumulate over time [15][16] - Inflation expectations remain well anchored, consistent with the Federal Reserve's long-term target of 2% [19][48] Monetary Policy Framework - The Federal Reserve's monetary policy framework is designed to promote maximum employment and stable prices across various economic conditions [22][36] - The revised consensus statement emphasizes the importance of well-anchored inflation expectations and the need for flexibility in monetary policy [38][48] - The Federal Reserve will continue to conduct public reviews of its monetary policy framework approximately every five years to adapt to changing economic conditions [50]

Summary of the European Central Bank Update / Briefing July 24, 2025 Industry Overview - The briefing pertains to the European Central Bank (ECB) and its monetary policy decisions in the context of the Eurozone economy. Key Points and Arguments 1. **Interest Rates Unchanged**: The ECB decided to keep the three key interest rates unchanged, maintaining a focus on stabilizing inflation at the 2% medium-term target [2][16][75]. 2. **Current Inflation Status**: Inflation is currently at 2%, aligning with the ECB's target, with domestic pressures easing as wage growth slows [2][7][8]. 3. **Economic Resilience**: The Eurozone economy has shown resilience despite global challenges, supported by strong private consumption and investment, although firms are hesitant to invest due to geopolitical uncertainties and trade disputes [3][5][6][31]. 4. **Unemployment Rate**: The unemployment rate stood at 6.3% in May, close to its lowest since the euro's introduction, indicating a robust labor market [6]. 5. **Inflation Dynamics**: Annual inflation was reported at 2% in June, with energy prices rising but still lower than the previous year. Food price inflation eased to 3.1% [7][8]. 6. **Wage Growth Trends**: Year-on-year growth in compensation per employee slowed to 3.8% in Q1, down from 4.1% in the previous quarter, indicating moderating labor costs [8][30]. 7. **Risks to Economic Growth**: Risks remain tilted to the downside, including global trade tensions, geopolitical conflicts, and potential financial market sentiment deterioration [11][12][39]. 8. **Monetary Policy Approach**: The ECB will adopt a data-dependent approach, assessing inflation outlooks and risks on a meeting-by-meeting basis without pre-committing to a specific rate path [4][16][75]. 9. **Credit Conditions**: Easier financing conditions are supporting domestic demand, with the average interest rate on new loans to firms declining to 3.7% in May [14][15]. 10. **Future Projections**: The ECB anticipates that if trade and geopolitical tensions are resolved swiftly, it could improve sentiment and spur economic activity [11][12][55]. Additional Important Content 1. **Digital Euro Development**: The ECB is focused on developing a digital euro to respond to evolving payment preferences, emphasizing the importance of maintaining currency issuance protection [51][66]. 2. **Market Reactions**: The ECB acknowledges market expectations for potential rate cuts but emphasizes that decisions will be based on data and economic developments [72][75]. 3. **Liquidity in the System**: Despite a reduction in liquidity due to various factors, the ECB maintains that there is still ample liquidity in the system, exceeding €2 trillion [60][61]. 4. **Trade Negotiations Impact**: The ECB is closely monitoring ongoing trade negotiations, indicating that resolution of uncertainties could significantly influence economic behavior and decision-making [20][24][49][55]. This summary encapsulates the key insights from the ECB's briefing, highlighting the current economic landscape, monetary policy stance, and future outlook for the Eurozone.