The ECB on Thursday announced its fourth interest rate cut of the year, confirming expectations for a quarter-percentage-point move. The decision takes the ECB's key rate to 3%, marking a 1-percentage-point reduction since the bank began its current easing cycle in June 2024. The euro ...
the ecb's deposit rate fell by 25 basis points to 3.5%. the refinancing rate, however, was cut by a much bigger 60 basis points to 3.65% in a long-flagged technical adjustment. the gap between the two interest rates had been set at 50 basis points since september 2019, when the ecb...
TOKYO, June 15 (Xinhua) -- Tokyo stocks closed higher Friday as investor sentiment was brightened by the European Central Bank (ECB) opting not to raise interest rates until mid-2019, although gains were capped amid concerns that recent import tariff moves by the United States could heighten ...
the shut down of major banks and even punishment of countries. ECB is famous for its independence, democratic approach to discussion and decision-making, and for its transparency in voting processes. The regulation of Bitcoin has been discussed within the ECB, but there are no restrictions or po...
"Interest rate setting at the ECB: Individual preferences and collective decision making." Journal of Policy Modeling 33(6): 804-820.Cancelo, J. R., D. Varela, and J. M. Sanchez-Santos. 2011. "Interest Rate Setting at the ECB: Individual Preferences and Collective Decision Making." ...
Trichet told a press conference following the June rate decision that the bank would be "strongly vigilant", code words for a rate hike at the next meeting, so markets had been expecting Thursday's announcement. The ECB had been holding rates at record lows of 1 percent during the economic...
Market analysts expect ECB interest rates to peak at around 3%, with some predicting a peak of 3.25% by the middle of next year. While ECB policy makers focus on their rate decision this week, data on economic growth from around the eurozone will also draw attention. Today, surveys of pur...
(Reuters) -European stocks closed less than 1% away from record high levels on Thursday after the European Central Bank delivered a widely expected 25-basis-point rate cut, even though it refrained from offering new clues about its next move. The continent-wide STOXX 600 index e...
An in-line inflation reading cementing a 0.25 per cent interest rate cut from the Federal Reserve next week added to the momentum. – Additional reporting: agencies Sign up for the Business Today newsletter and get the latest business news and commentary in your inbox every weekday morning O...
That course of action means that today the ECB has less room than other central banks to loosen its policy. Never forget: the monetary stance depends on interest rate levels, not changes. The latter are at most indications of possible future levels. ...