July 1st European Central Bank Sintra Forum Key Points Review: Powell Proposes Possibility of Rate Cut in July

Wallstreetcn
2025.07.01 22:39
  1. Federal Reserve Chairman Jerome Powell raised the possibility of a rate cut in July but did not formally endorse the idea.

He withstood the political pressure exerted by U.S. President Donald Trump and received enthusiastic applause from the attendees and expert panel.

  1. European Central Bank President Christine Lagarde stated that 2025 could be a "critical year" for the status of the U.S. dollar as the global reserve currency.

  2. Bank of England Governor Andrew Bailey indicated that UK interest rates are in a "downward channel," but due to low household debt, the impetus for past rate cuts may be limited.

  3. Bank of Korea Governor Lee Chang-yong stated that South Korea's inflation rate has been well stabilized, but the central bank is closely monitoring the rising financial stability risks when deciding on the timing and pace of rate cuts.

  4. Bank of Japan Governor Kazuo Ueda mentioned that Japan's interest rates are currently below neutral levels, but he warned against using theoretical rates as a guideline in "cloudy" circumstances

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