Germany, Sept. 12, 2024. The ECB on Thursday announced it would cut key interest rates again, marking its second rate reduction this year following a move in June, with no indication of the future rate path. (Xinhua/Zhang Fan)
Inflation in the euro area is forecast at 2.4 percent in 2024, 2.1 percent in 2025, and 1.9 percent in 2026, aligning with the ECB's medium-term target. Thursday's rate cut, the ECB's fourth rate reduction this year, follows an aggressive cycle of hikes that had pushed rates to recor...
We think the ECB will cut again at this meeting as it seeks to further reduce the restrictiveness of its stance while it is still above the neutral rate. This is the most reasonable path to delivering three cuts in the first half of 2025, which is our central expectation for the ECB’s...
The ECB's June interest rate decision would be "very important," he said. "I'm sure that we will deliver the response that is consistent with the recovery of the euro area economy that we have in our forecast," he told CNBC's Tso, noting that market expectations for June we...
The European Central Bank (ECB) cut interest rates by 25 basis points on Thursday to 3.5%, its second rate cut of the year, following indications that inflation is retreating to the 2% target and growth looks set to remain subdued. The central bank edged down its forecast for GDP growth ...
by Wester van Gaal, Amsterdam, June 6, 2024, 10:37:24 PM 1 co-observer The European Central Bank (ECB) reduced its key interest rate 25 basis points to 3.75 percent on Thursday (6 June). The sharp decline in inflation since last year allowed for a loosening of monetary policy. Thebig...
Quarterly projections from the ECB's staff showed growth this year will be slightly lower than forecast in June while inflation is still seen reaching 2% in the second half of 2025. That means the argument is likely to be how quickly, not if, the ECB should ease policy. ...
The rate of unemployment increased to 3.2% from 2.9% in December 2023. Destatis also announcedretail sales fellby 1.6% on the previous month, significantly more than the 0.2% forecast by economists in a Reuters poll. Figures published Thursday showed German gross domestic productdeclined 0.2% in...
These defensive ETFs can weather the ups and downs of a choppy market better than others. Tony DongMarch 17, 2025 7 Best International Stock Funds to Buy International funds can help investors easily diversify away from a U.S.-heavy stock portfolio. ...
ECB speeds up rate-cut pace Having lowered rates at its June and September meetings, the European Central Bank accelerated its pace, cutting its deposit rate 0.25% to 3.25% on Thursday. ECB President Christine Lagarde said downside risks to inflation are larger than upside ones and that g...