According to ECB officials, on April 30, policymakers reached consensus that rate hikes in June are highly likely. Policy makers discussed the necessary degree of tightening on Thursday, with multiple officials stating that at least two rate increases are needed unless the war ends and Brent crude prices fall sharply.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The ECB and the BoE kept their policy unchanged on the same day (4/30): European and UK central banks are watching the Iran war and inflation together
ECB4/30 kept the deposit rate at 2% for the third consecutive time with no change; inflation rose to 3%, but based on data, it did not commit to a rate cut in June. The BoE held at 3.75% with a vote of 8:1, though Pill argued for raising it to 4%, pointing to how energy prices are affected by the Iran war, making it difficult for monetary policy to directly ease the situation. Both central banks believe that energy inflation and slower growth are occurring together, limiting the path forward; market expectations for rate cuts have been pushed back, and the June meeting will be key.
ChainNewsAbmedia35m ago
US Q1 GDP grew 2.0%, and March core PCE hit 3.2%, a new 3-year high
The U.S. Bureau of Economic Analysis (BEA) of the Department of Commerce released on April 30 both its Q1 2026 GDP estimate report and the March personal consumption expenditures (PCE) price index.
The Q1 GDP annualized growth rate was only 2.0%, below market expectations of 2.2-2.3%, but it rebounded significantly from Q4 2025’s 0.5%. The core PCE year-over-year growth rate in March was 3.2%, with a month-over-month increase of 0.3%, reaching a 3-year high. The Iran war has driven up energy prices, becoming the main factor behind the warming of inflation, forcing the Federal Reserve into a tougher situation.
Q1 GDP at 2.0% below expectations: investment, exports, and government spending all contribute, while consumption slows
BEA’s Q1 advance estimate shows that real GDP annualized growth in Q1 2026 was 2.0%, compared with 0
ChainNewsAbmedia39m ago
Japan's Government and Central Bank Intervene in FX Market as Yen Weakens Past 160 to Dollar on April 30
According to Japanese media on April 30, Japan's government and central bank implemented foreign exchange intervention measures after the yen weakened past 160 per dollar. The authorities bought yen and sold dollars to support the currency, according to unnamed government officials cited by Japanese
GateNews1h ago
Powell's Reappointment Could Influence Fed Rate Decisions, White House Official Says on April 30
According to Caixin, on April 30, White House National Economic Council Director Hassett stated that Federal Reserve Chair Jerome Powell's reappointment to the Federal Reserve Board could influence the central bank's interest rate
GateNews1h ago
Market Odds for Fed Rate Hike Before End of 2026 Rise Slightly After U.S. Economic Data
According to U.S. rate futures data, market expectations for a Federal Reserve rate hike before the end of 2026 have risen slightly following the release of recent American economic data.
GateNews2h ago
Japanese yen surged nearly 5 yen in a single day to 155: Koga Harutsuki warns of an imminent “decisive intervention”
On 4/30, during intraday trading, the Japanese yen against the US dollar briefly fell to 160.47, then rapidly rebounded to about 155.5 in the afternoon, with an intraday gain of nearly 5 yen. Japan’s Finance Minister Hayuma Katayama called for “decisive measures” to warn, and Finance Minister Jun Mimura said it was the market’s last pull-out warning, adding that there is a possibility of coordination with the US side to intervene. Analysts said the warning is nearing the intervention threshold, and the next steps will be to watch for the yen to retest 158–160, the Bank of Japan’s position in June, and any coordinated US-Japan statements.
ChainNewsAbmedia3h ago
