ECB – KPM

Europe

Inflation risks stall ECB pivot expectations

ECB warns inflation risks remain tilted upward as wage growth stays elevated. Markets scale back expectations of early rate cuts, supporting bank margins but pressuring rate-sensitive sectors as restrictive policy persists longer than investors assumed.

Germany

Germany Prepares Markets For Critical Inflation Data

Germany prepares for CPI release with GDP growth ~0.9% y/y. Investors and sovereign bond holders watch inflation outcomes and Bund yields for euro-area market positioning.

European Union (EU)

ECB Leadership Indicates Rates Are Set With Caveats

ECB Vice-President Luis de Guindos signals that the euro-zone policy rate remains appropriate barring deviations in inflation or transmission, underscoring that while area growth (~1%) may stay low, the ECB’s stance remains conditional and vigilant.

European Central Bank (ECB)

Low Growth And Debt Restrict Europe’s Policy Options

Stagnant growth near 1.2%, inflation at 2%, and high debt levels constrain Europe’s fiscal and monetary policy, raising risk premia on EUR-zone assets (SX5P, EUR/USD).

European Central Bank (ECB)

ECB Holds Rates While Growth Remains Tepid

ECB Holds Rates While Growth Remains Tepid Monetary Restraint Marks Europe’s Policy Plateau ECB Signals Patience Amid Growth-Inflation Bounds Europe’s Central Bank Navigates Growth-Inflation Straitjacket

Europe

Eurozone PMI: Germany Leads Rebound, France Still Contracts

Eurozone PMI at 52.2 signals the strongest upturn since 2024; easing inflation and steady ECB policy underpin cautious recovery momentum. (EURUSD, SXXP)