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Khan

@manzoorkhan

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21 Followers


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ECB MEMBER: INTEREST RATE CUT STILL ON THE TABLE DESPITE CURRENT CHALLENGES European Central Bank Governing Council member François Villeroy de Galhau told the Financial Times on Tuesday that several important statements related to the path of monetary policy and the geopolitical situation in the Middle East were made, most notably: 💬Further interest rate cuts are still possible despite the current circumstances. 💬The ECB's inflation forecast remains moderate. 💬The recent rise in oil prices has partially offset the "significant appreciation" of the euro. 💬If a ceasefire between Iran and Israel is confirmed, the ECB may implement further monetary policy easing over the next six months. 💬Oil prices alone are not sufficient evidence for ECB decisions. 💬The neutral price and the final price are not exactly the same. 💬We will monitor developments and decide accordingly.
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TRUMP SAYS CEASEFIRE IS NOW IN EFFECT U.S. President Donald Trump on Tuesday said that a ceasefire was now in effect, soon after Iranian state-linked media announced Tehran had fired its “last round” of missiles at Israel. “THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!” Trump said in a post on Truth Social around 1:00 a.m. stateside. Iran had launched a fresh barrage of missiles at Israel as the ceasefire deadline announced by Trump neared. A spate of questions linger over the viability of a ceasefire, Iran and Israel’s participation, the potential resumption of nuclear talks between the West and Tehran, and the ultimate fate of Iran’s supplies of enriched uranium. The ceasefire announcement takes place after an apparent intensification of hostilities, with Iran on Monday carrying out retaliatory missile strikes at the U.S. Al Udeid Air Base in Qatar. Trump thanked Tehran for notice of the offensive. U.S. stock market indexes closed higher Monday on optimism that Iran’s retaliation for U.S. bombings of its nuclear facilities would be limited to the missile attack. Oil prices fell amid dwindling concerns that Iran could proceed with closing the Strait of Hormuz, a key oil transport route.
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