https://twitter.com/Schuldensuehner/status/1654027395437936640 Good Morning on #ECB day from #Germany where key interest rate should be at 10.3% & so 6.8 ppts higher than the current rate, acc to Taylor Rule w/German core inflation at 5.9% & unemployment way below NAIRU. ECB rates should be 7.2 ppts higher for the entire Eurozone & 8.2 ppts… https://t.co/4CUhrFEcKd https://t.co/lruFd4jlhI via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654099458588647424 #ECB slows pace of interest rate hike to 25bps as expected. Hints at more still to come: Main refi rate now at 3.75%, Depo rate at 3.25%, highest in almost a decade. Rate decision to be based on #inflation outlook. Expects to stop App reinvestments as of July. https://t.co/0ynwLT35Lr via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654109755458060290 #ECB's Lagarde: Mood in Governing Council was ‘determined.’ Policymakers were “very focused” and paid special attention to the latest incoming data such as the bank lending survey. https://t.co/nAEvB1ohXd via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654111847102963713 #ECB's Lagarde: We are not pausing! We know we have more ground to cover! Markets price in two more 25bp rate increases. https://t.co/U58AWLgo7g via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1654120983014555651 #ECB's Lagarde: “We are not Fed-dependent.” https://t.co/BuJ7tOHeSm via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656579081318678530 OOOPS! Consumer expectations for Eurozone #inflation rose „significantly” in March — bolstering case of #ECB officials who say rate hikes may need to persist beyond the summer. Inflation 3 years ahead seen at 2.9%, further above 2% goal. https://t.co/EZoJEGakEZ https://t.co/PnJGtC7NBt via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658999919188017152 #ECB balance sheet has risen again last week as more bonds were bought than matured. Total assets rose by €11.6bn, most since Jan. ECB Balance sheet now at €7,728.6bn, equal to 59% of Eurozone's GDP vs Fed's 32%, SNB's 113% and BoJ's 130%. https://t.co/J9D90wCq7I via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1661043396155256833 #ECB balance sheet keeps rising for a 2nd week. Total assets rose by €1.6bn to €7,730.1bn, equal to 58% of Eurozone GDP vs Fed's 32%, SNB's 113% and BOJ's 130%. https://t.co/dIE5iAXhBW via @Schuldensuehner

📊 A test of fiscal dominance? German FinMin Christian Lindner’s publicly aired doubts about the legality of potential #ECB crisis aid for France are testing nerves in the region’s policymaking circles. https://t.co/MOQ758Ipy2 https://t.co/EKqQoo0pe6
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📊 Good Morning on #ECB day from #Germany where there's no need for further interest rate cuts. The Taylor Rule suggests the fair interest rate should be 5.75%, 150bps higher than the current rate of 4.25%. While the unemployment rate is close to the Non-Accelerating Inflation Rate… https://t.co/UEgkySJ0eZ https://t.co/d5ut4F9cGZ
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📊 #ECB leaves all rates unchg as expected. Main Refi at 4.25%, deposit rate at 3.75%. Guidance on interest rates also stays unchanged: Not pre-committing to particular path. ECB to follow data-dependent, meeting-by-meeting approach. https://t.co/jZJwRt5qQd
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📊 #ECB's Lagarde: What we do in September is wide open. Markets are much clearer in this respect. Market participants are pricing in a further interest rate cut with an 80% probability. https://t.co/DKhkXbnyWq
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📊 #ECB's Lagarde: Direction of wage growth in 2025 and 2026 is downward. German real wages grew 3.8% in Q1, the most since the reunification wage boom. https://t.co/6m95GGLqe6
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#ECB cut rates for the 7th time since last June to 2,25% from 2.5% as Trump tariff fears threaten recovery. ECB focus shifted to 'downside risk to the growth outlook.' Markets price in the deposit rate will be at 1.58% in Dec, from 1.71% before ECB's statement. https://t.co/ijZRXIiAyh
— Holger Zschaepitz (@Schuldensuehner)
Apr 17, 2025

OOPS! German 2y yields fall to 1.63%, lowest since 2022 due to #ECB rate cut hopes. https://t.co/JU4ZUxWAoW
— Holger Zschaepitz (@Schuldensuehner)
Apr 22, 2025

#Fed kept interest rates unch, choosing not to follow the #ECB’s recent rate cut. It continued to describe US growth as “solid,” downplaying weak Q1 GDP report by attributing it to a temporary import spike. Despite rising uncertainty, the Fed’s forward guidance remains unchanged. https://t.co/6C1i31osti
— Holger Zschaepitz (@Schuldensuehner)
May 7, 2025

#ECB's Lagarde says that she intends to remain and complete her term: “I can very firmly tell you that I have always been and am fully determined to deliver my mission and I’m determined to complete my term.” https://t.co/LPltmgu9sY
— Holger Zschaepitz (@Schuldensuehner)
Jun 5, 2025

OOPS! #ECB deposit rate has fallen below the German inflation rate for the first time since September 2023. https://t.co/NIhAKj1IZI
— Holger Zschaepitz (@Schuldensuehner)
Jun 5, 2025

#ECB leaves its key deposit rate unchanged at 2% as expected. ECB not pre-committing to a particular rate path. Will follow a data-dependent, meeting-by-meeting approach. Says domestic price pressures have continued to ease, and wages are growing more slowly. The economy has so https://t.co/2NXSl5eA5G
— Holger Zschaepitz (@Schuldensuehner)
Jul 24, 2025

#ECB sentiment moved a bit hawkish during the presser, leading traders to scale back their expectations for rate cuts this year. Markets now anticipate only 19bps of easing for the rest of the year. https://t.co/FH8F14Zmky
— Holger Zschaepitz (@Schuldensuehner)
Jul 24, 2025