Citing seven sources, Reuters reported on Thursday that the “European Central Bank’s (ECB) October rate decision is seen as wide open.” Additional takeaways ECB doves to fight for October rate cut after weak data. Push for October rate cut likely to face resistance from ECB hawks arguing...
In a press release, the ECB announced that it has decided to reduce the deposit facility rate by 25 basis points to 3.5 percent due to declining inflation. This decision follows the bank's June rate cut, which marked its first reduction in five years. The market expects this move would fu...
ECB Cuts Rate for Second Time This Year.Reports on the decision of the European Central Bank to cut interest rate for the second time in year 2001.Wall Street Journal - Eastern EditionSimsG.Thomas
Euro higher ahead of interest rate decision The euro was slightly higher against major currencies at 9:45 a.m. London time (4:45 a.m. ET), ahead of the European Central Bank's announcement at 1:15 p.m. The euro was up 0.17% against the U.S. dollar at $1.051, and 0.1% hig...
(RTTNews) - French stocks advanced on Thursday amid bets that the European Central Bank (ECB) will announce an interest-rate cut later in the day, responding to falling inflation and worsening economic conditions.
The economy is still facing headwinds but rising real incomes and the gradually fading effects of restrictive monetary policy should support a pick-up in demand over time, said the press release. The ECB reiterated that it is not pre-committing to a particular rate path. Market watchers expect...
The central bank updates its growth and inflation forecasts next month, at the time of its next policy meeting. Hike prospects The latest decision comes as market participants have started pricing in two rate hikes for the ECB this year. However, the central bank has tried to play down that...
the european central bank cut interest rates for the third time this year on thursday, pointing out that inflation in the euro zone is now increasingly under control and the economic outlook has worsened. the euro initially rose following the rate decision, but fell back following stronger-than-...
(RTTNews) - European stocks are seen opening on a mixed note Thursday as investors await interest-rate decisions from the Swiss National Bank and the European Central Bank.
there is plenty of scope for the April opening statement to adopt a more cautious tone. We think the ECB will have to acknowledge that most of the recent economic data releases point to a lower-than-anticipated growth rate for the first quarter (and possibly the first half). ...