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 ...
For EUR/USD, the ECB’s rate decision and policy statements are critical. A hawkish or dovish stance could either bolster or pressure the Euro. US Dollar Index (DXY) Dollar Index TheDollar Indextoday exhibits a slight downtrend, decreasing by 0.08% to settle at 103.233, underscoring subtle ...
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 purchasing managers for October are due, while on Friday, third-quarter GDP will be published in three major countries. Germany’s is li...
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...
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...
Oscar WilliamsGrut
In a widely expected decision, the European Central Bank (ECB) cut is policy rate 25 bps to 3.25% at today's announcement. The accompanying statement was balanced in tone. The ECB repeated that domestic inflation is high, wage growth elevated, and that it will “keep policy rates sufficientl...
"the governing council supports national authorities planning to increase capital buffer requirements," the ecb said in a statement. it noted banks made record profits -- largely as a result of the record interest rate they have been earning on their deposits at the ecb -- and had...
The ECB rate decision also takes focus. While no change in rates is expected, any discussion of the balance sheet will be a focus, and in particular any tweaks to bank reserve requirements. BONDS: Core FI Reverses Early Losses Core fixed income has reversed the majority of its early ...
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...