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ECB policymakers line up behind rate cuts - REUTERS

JANUARY 22, 2025

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Summary

  • ECB meets on Jan. 30 and rate cut is seen a done deal
  • Markets see 4 moves in 2025
  • Policymakers back gradual easing towards neutral policy setting

FRANKFURT, Jan 22 (Reuters) - European Central Bank policymakers lined up behind further interest rate cuts on Wednesday, indicating that next week's reduction is all but a done deal and further moves will also come even if the U.S. Federal Reserve remains cautious.

Having cut rates four times already in response to weak growth and falling inflation, the ECB is expected to keep moving quickly in 2025 with traders even increasing rate cut bets this week after U.S. President Donald Trump did not announce much feared trade tariffs against the bloc.

MARKET NEWS

January 22 Inflation: Pessimistic forecasts cloud Nigeria’s growth amid structural, monetary hur... (read more) January 22 Sterling hits two-week high against dollar amid tariff uncertainty - REUTERS January 22 Nigeria’s GDP grew more than 3% for 3 successive quarters – Bagudu - BUSINESSDAY January 22 FG approves licence for 10,000 barrels per day refinery - DAILY TRUST January 22 Swiss National Bank can cut rates further or go negative, chairman says - REUTERS January 22 Nigeria’s economy on recovery path -Edun - THE SUN January 22 Reforms, fiscal gains signal Nigeria’s economic recovery — Edun - NIGERIAN TRIBUNE January 22 Nigeria to generate over $2bn by 2030 through carbon market initiative - THE CABLE January 22 64.8m Nigerians enroll for BVN, says NIBSS - THE NATION January 22 ECB policymakers line up behind rate cuts - REUTERS January 22 Japa: Our hospitals will be empty in two years, CMDs tell Reps - DAILY TRUST January 22 Ugandan shilling weakens on FX demand by fuel importers, manufacturers - REUTERS January 22 NFIU seeks support to end financial crimes in Nigeria - THE GUARDIAN January 22 Portugal to import more US, Nigerian LNG, aims to end Russian supply - REUTERS January 22 FG defends tariff hike amid legal threats from SERAP, subscribers - PUNCH January 22 ECB to Near Inflation Target by Middle of Year, Nagel Says - BLOOMBERG January 22 Inflation ticks lower to 1.8% in December, thanks in part to GST tax break - BLOOMBERG January 22 Nigeria’s Path to Economic Resilience: The Case for Currency Swap Agreements - THISDAY January 22 Rupee ends higher on broad based dollar sales, uptick in Asian peers - REUTERS January 22 Naira stability lessened imported inflation to a 5-year low – Report - THE SUN January 22 Naira Falls To N1,675/$1 In Parallel Market As Reserves Deplete - LEADERSHIP January 22 CBN vows to tackle buying, selling of Naira notes - VANGUARD January 22 Kenyan shilling marginally stronger against dollar, LSEG data shows - REUTERS January 22 AI mania takes over Davos as the world’s biggest firms tout their offerings - CNBC January 22 Driving financial inclusion with Nigeria’s new multipurpose payment card - DAILY TRUST January 22 NCC approves 10-year renewal for MTN’s first 800MHz licence - PUNCH January 22 Dollar near 2-week low as traders ponder Trump tariff plans - REUTERS January 22 Canadian dollar pares decline on US tariff skepticism - REUTERS January 22 Why we are rebasing CPI, GDP – NBS - DAILY TRUST January 22 Dollar flat in choppy trading as investors await tariff certainty - REUTERS

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