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Quotations
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Lorenzo Codogno Quotes
«It's no surprise that the pressure is back on. At the end of the day, China allowed their currency to appreciate, but because they did so only marginally, there is disappointment elsewhere.»
Author: Lorenzo Codogno
«With the energy bill having increased recently, the risk is that consumers will tighten their belts over Christmas. The euro-zone economy is still at risk of a disappointing Christmas.»
Author: Lorenzo Codogno
«At the margin, the change may be perceived as a small, dovish shift for the ECB governing council.»
Author: Lorenzo Codogno
«The monetary policy committee is still waiting for evidence on Christmas (retail) sales and wage negotiations. Then it will cushion the decline in the economy in a context of CPI (inflation) moderation.»
Author: Lorenzo Codogno
«The main message here is that the recovery is becoming more fragmented. (But) we should not be misled by a few bad numbers. The conditions are in place for some recovery in the first part of this year.»
Author: Lorenzo Codogno
«The probability of a February hike looks very small, but that of a tightening in March remains high in our view.»
Author: Lorenzo Codogno
«Services and probably consumer spending drove the increase in GDP. It makes a rate cut less likely for the moment.»
Author: Lorenzo Codogno
«In order to move interest rates higher, the ECB needs to be confident about the sustainability of the economic upswing, especially on the consumer side.»
Author: Lorenzo Codogno
«It's a stellar performance, a very strong reading. It means a March rate hike is a done deal.»
Author: Lorenzo Codogno
«A March rate hike is a done deal.»
Author: Lorenzo Codogno
