ECB policymaker Villeroy urges against speculating on timing of potential rate hike
Investinglive·- François Villeroy, president of France's central bank, warned against making premature predictions about the timing of future rate hikes. - He emphasized that the European Central Bank must remain “data-driven, not date-driven,” and that decisions depend on significant data related to inflation pressures. - While he indicated that a rate hike is likely, he stressed there is no predetermined schedule and highlighted the importance of ongoing risk vigilance.ECB's Villeroy: Not seeing sufficient signs yet to raise rates
Investinglive·- European Central Bank (ECB) President Villeroy stated that there are currently insufficient signs to raise interest rates, although an increase may occur if secondary effects emerge. - The ECB maintained its key interest rate at 2.00% during the April 30 meeting, emphasizing a data-driven, meeting-by-meeting approach due to heightened uncertainty. - Since the meeting, a more hawkish tone has emerged among ECB officials, suggesting that tighter policies may be imminent if inflation risks persist, with June identified as a critical decision point influenced by upcoming inflation and energy market data.Eurozone Apr S&P Manufacturing PMI Confirmed at 52.2, Hits Nearly 4-Year High
AASTOCKS News·- The Eurozone manufacturing PMI rose to 52.2 in April, up from 51.6 in March, marking a 47-month high and aligning with market expectations. - All eight surveyed countries reported PMI expansions for the first time since June 2022, driven by increased new orders and a rebound in new export orders amid concerns over rising energy prices and supply disruptions. - Input cost inflation reached a 46-month high due to the Middle East conflict, leading to significant rises in output price inflation, while supplier delivery delays worsened since July 2022.