net_left adver left

ECB set to raise deposit rate 50 bps as euro zone enters recession -economists: Reuters poll

Wednesday, November 23, 2022
ECB set to raise deposit rate 50 bps as euro zone enters recession -economists: Reuters poll © Reuters. FILE PHOTO: Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. REUTERS/Wolfgang Rattay/File Photo
let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); atwWrapper.find('.instrumentBox').find('.shortInfo').on('click',function () { if(!window.ga){ return; } let pairId = $(this).parent().find('.js-add-to-portfolio').attr('data-pair-id'); let pairType = window.atwPairTypes[pairId]; window.ga('allSitesTracker.send', 'event', 'content', 'symbol link clicked', '', { "dimension147":"symbol_link_clicked", "dimension163":"click", "dimension148":"symbol", "dimension162":"content add to watchlist", "dimension161":"article page", "dimension142":"article", "dimension75":pairType, "dimension138":pairId, "dimension118":"2949673" }); window.open($(this).attr('data-href')); }); window.atwPairTypes = {"8119":"Equities"};

By Jonathan Cable

LONDON (Reuters) - The European Central Bank will press on with policy tightening, adding 50 basis points to its deposit rate next month as it worries rapid price growth is becoming entrenched, despite the bloc almost certainly entering recession, a Reuters poll found.

Inflation in the region has soared due to surging energy prices following Russia's invasion of Ukraine and disrupted supply chains, reaching 10.6% last month - more than five times the ECB's 2.0% target.

Initially saying rising inflation was transitory, the central bank didn't start raising interest rates until July, later than most of its major peers, but has since raised its key rates by 200 bps.

It will lift its deposit rate by another 50 bps on Dec. 15, taking it to 2.00%, and do the same to the refinancing rate, putting it at 2.50%, according to the median forecasts in the Nov. 15-21 Reuters poll.

That deposit rate view was held by a majority of 45 of 62 respondents, while 14 said it would add another 75 bps as it has done at its previous two meetings. Only three said it would opt for a modest 25-bp increase.

(GRAPHIC: Reuters Poll: ECB monetary policy outlook for December - https://fingfx.thomsonreuters.com/gfx/polling/gdvzqykmxpw/ECB%20monetary%20policy%20outlook%20for%20December.PNG)

The ECB will raise interest rates again to fight inflation but those increases may well be smaller than recent ones, the bank's chief economist, Philip Lane, said on Monday, echoing comments from other policymakers in recent days.

December's move will be followed by another 50-bp increase next quarter, giving peaks in the current cycle of 2.50% and 3.00% for the deposit and refinancing rates, unchanged from an October poll.

When asked about the risks to their deposit rate forecasts, 18 of 22 economists said it would end higher, either earlier of later than they expect. The other four said it would be lower.

"More resilient economic conditions, stickiness of inflation, potential spillovers on to inflation expectations and longer-lasting wage pressures could force the ECB to keep tightening for longer into 2023 than we currently predict," said Ken Wattret, vice president, economics at S&P Global (NYSE:SPGI) Market Intelligence.

However, collectively economists gave a 70% probability their deposit rate peak forecasts were accurate.

It will take time for tighter policy to meaningfully tame inflation and while 13 of 23 respondents to an additional question said inflation had already peaked, it was not seen at the bank's target until at least 2025.

Inflation was expected to ease to 8.9% next quarter from 10.5% this one and then steadily decline. It will average 8.5% this year, 6.0% next year and 2.3% in 2024.

WINTER IS COMING

Recent private surveys have added to evidence the bloc is heading for a winter recession and when asked of the probability of one within a year, economists gave a median response of 78%, up from 70% given in October. Forecasts ranged from 40% to 100%.

GDP was predicted to fall 0.4% this quarter and in the first quarter of next year, meeting the technical definition of recession. The economy was then expected to eke out 0.1% growth in Q2 and 0.3% growth in the following three quarters, little changed from October's forecasts.

GDP was expected to fall 0.1% next year and then grow 1.4% in 2024, according to the median view of over 70 economists, with an expected peak to trough fall between 0.5% and 1.5%.

(For other stories from the Reuters global economic poll:)

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
28-11-2022 12:36:50 (UTC+7)

EUR/USD

1.0354

-0.0041 (-0.39%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.0354

-0.0041 (-0.39%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.2052

-0.0041 (-0.34%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (9)

USD/JPY

138.46

-0.63 (-0.46%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.6685

-0.0064 (-0.95%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

USD/CAD

1.3451

+0.0075 (+0.56%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

EUR/JPY

143.37

-1.23 (-0.85%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

EUR/CHF

0.9800

-0.0027 (-0.27%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (2)

Gold Futures

1,749.85

-4.15 (-0.24%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (9)

Silver Futures

21.225

-0.205 (-0.96%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (8)

Copper Futures

3.5590

-0.0715 (-1.97%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (8)

Crude Oil WTI Futures

73.95

-2.33 (-3.05%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

Sell (3)

Brent Oil Futures

81.19

-2.52 (-3.01%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

Natural Gas Futures

7.234

-0.096 (-1.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

US Coffee C Futures

164.40

+1.65 (+1.01%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

3,962.41

+0.42 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

S&P 500

4,026.12

-1.14 (-0.03%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

DAX

14,541.38

+1.82 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (2)

FTSE 100

7,486.67

+20.07 (+0.27%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

Hang Seng

17,180.00

-393.58 (-2.24%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

US Small Cap 2000

1,869.19

+6.37 (+0.34%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

IBEX 35

8,416.60

+37.20 (+0.00%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

BASF SE NA O.N.

49.605

-0.280 (-0.56%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (4)

Bayer AG NA

55.45

-0.06 (-0.11%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (6)

Allianz SE VNA O.N.

205.35

+0.40 (+0.20%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

Adidas AG

123.98

-2.68 (-2.12%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

Deutsche Lufthansa AG

7.567

+0.036 (+0.48%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

Siemens AG Class N

132.06

+1.10 (+0.84%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Deutsche Bank AG

10.390

+0.020 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

    EUR/USD 1.0354 Buy  
    GBP/USD 1.2052 ↑ Sell  
    USD/JPY 138.46 Neutral  
    AUD/USD 0.6685 ↑ Sell  
    USD/CAD 1.3451 ↑ Buy  
    EUR/JPY 143.37 Buy  
    EUR/CHF 0.9800 Buy  
    Gold 1,749.85 ↑ Sell  
    Silver 21.225 ↑ Sell  
    Copper 3.5590 ↑ Sell  
    Crude Oil WTI 73.95 Neutral  
    Brent Oil 81.19 Neutral  
    Natural Gas 7.234 ↑ Sell  
    US Coffee C 164.40 ↑ Sell  
    Euro Stoxx 50 3,962.41 ↑ Buy  
    S&P 500 4,026.12 Neutral  
    DAX 14,541.38 ↑ Buy  
    FTSE 100 7,486.67 ↑ Buy  
    Hang Seng 17,180.00 ↑ Sell  
    Small Cap 2000 1,869.19 ↑ Buy  
    IBEX 35 8,416.60 Sell  
    BASF 49.605 Neutral  
    Bayer 55.45 Sell  
    Allianz 205.35 ↑ Buy  
    Adidas 123.98 Neutral  
    Lufthansa 7.567 ↑ Sell  
    Siemens AG 132.06 ↑ Buy  
    Deutsche Bank AG 10.390 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,640/ 6,710
(6,640/ 6,710) # 1,473
SJC HCM6,655/ 6,735
(-5/ -25) # 1,497
SJC Hanoi6,655/ 6,737
(-5/ -25) # 1,499
SJC Danang6,655/ 6,737
(-5/ -25) # 1,499
SJC Nhatrang6,655/ 6,737
(-5/ -25) # 1,499
SJC Cantho6,655/ 6,737
(-5/ -25) # 1,499
Cập nhật 28-11-2022 12:36:52
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,749.68 -1.27 -0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V24.91025.400
RON 95-III23.78024.250
E5 RON 92-II22.67023.120
DO 0.05S24.80025.290
DO 0,001S-V26.78027.310
Dầu hỏa 2-K24.64025.130
ↂ Giá dầu thô thế giới
WTI $73.94 +2.61 3.53%
Brent $81.20 +2.64 3.25%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.580,0024.850,00
EUR24.959,9426.355,23
GBP29.041,9330.277,62
JPY173,62183,79
KRW15,9719,46
Cập nhật lúc 12:12:23 28/11/2022
Xem bảng tỷ giá hối đoái
adver main right