French inflation was stable at the beginning of the year, figures showed Friday, a day after the European Central Bank again lowered its key interest rates amid a eurozone economy going nowhere fast.
On Jan. 30, the European Central Bank (ECB) decided to cut its three key interest rates by 25 basis points. This brings the deposit facility rate to 2.75%, the main refinancing operations rate to 2.90%,
Several members of the ECB’s Governing Council have already voiced such fears, stressing that the ECB should cut rates to a “neutral” level as quickly as possible. Deutsche Bank’s Mark Wall said in e-mailed comments that rates may “quite probably” end up below neutral by year-end.
The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to chart a course amid political turmoil in leading economies
European Central Bank policymakers are likely breathing a sigh of relief that the new U.S. administration did not impose the blanket trade tariffs some had feared and a rate cut next week now seems like a done deal.
The Bank of Cyprus on Friday announced that it has responded to the European Central Bank's (ECB) interest rate reduction decisions, lowering its reference rate for loans linked to the ECB’s base rate to 2.
Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday:
The Czech National Bank is considering adding bitcoin to its reserves. It should, regardless of what the European Central Bank thinks about that.
- 08:15 (EU) ECB Interest Rate Decision: Expected to cut Key Rates by 25bps; Expected to cut Deposit Rate by 25bps to 2.75%; Expected to cut Main 7-Day Refinancing Rate by 25bps to 2.90%; Expected to cut Marginal Lending Facility by 25bps to 3.15%.
The political landscape of the Euro Area is complex, encompassing 20 EU members, it isn't a single nation. It's a monetary union, meaning a unique, multi-layered governance structure is at play. Each member state has its own government,
Euro (EUR) traded under pressure amid broad US Dollar (USD) strength on tariff threats. Yesterday at the last GC meeting, ECB lowered policy rates for the 5 the consecutive meeting by 25bp. Pair was last at 1.0370 levels, OCBC's FX Frances Cheung and Christopher Wong analysts note.