centralbank
The leader of Germany's central bank, Joachim Nagel, expects a turnaround in interest rates at the European Central Bank meeting in June - but possibly only a single step for the time being. Nagel, the president of the German Bundesbank, emphasized on Friday that a first interest rate cut cannot be used as the basis for a "kind of autopilot," where the next interest rate cut must follow immediately. "I wouldn't want to assume that right now," he said, adding that nothing should be rushed and that growth should not be jeopardized. Nagel made his remarks at the meeting of finance ministers and c...
DPA International
The leader of Germany's central bank, Joachim Nagel, expects a turnaround in interest rates at the European Central Bank meeting in June - but possibly only a single step for the time being. Nagel, the president of the German Bundesbank, emphasized on Friday that a first interest rate cut cannot be used as the basis for a "kind of autopilot," where the next interest rate cut must follow immediately. "I wouldn't want to assume that right now," he said, adding that nothing should be rushed and that growth should not be jeopardized. Nagel made his remarks at the meeting of finance ministers and c...
DPA Breaking News
The leader of Germany's central bank, Joachim Nagel, expects a turnaround in interest rates at the European Central Bank meeting in June - but possibly only a single step for the time being. Nagel, the president of the German Bundesbank, emphasized on Friday that a first interest rate cut cannot be used as the basis for a "kind of autopilot," where the next interest rate cut must follow immediately. "I wouldn't want to assume that right now," he said, adding that nothing should be rushed and that growth should not be jeopardized. Nagel made his remarks at the meeting of finance ministers and c...
DPA
The European Central Bank (ECB) kept its key eurozone interest rates unchanged for the fifth time in a row at its monetary policy meeting on Thursday, despite falling inflation. The Frankfurt-based bank maintained its key refinancing rate, which provides liquidity to the banking system, at 4.5%. The deposit rate, which credit institutions receive when they park money at the bank, also stays unchanged at 4%. Economists generally expect an interest rate cut - much awaited by the economy and private borrowers - to come in June. The bank's President Christine Lagarde added credence to that view, s...
DPA
The European Central Bank (ECB) kept its key eurozone interest rates unchanged for the fifth time in a row at its monetary policy meeting on Thursday, despite falling inflation. The Frankfurt-based bank maintained its key refinancing rate, which provides liquidity to the banking system, at 4.5%. The deposit rate, which credit institutions receive when they park money at the bank, also stays unchanged at 4%. Economists generally expect an interest rate cut - much awaited by the economy and private borrowers - to come in June. The bank's President Christine Lagarde added credence to that view, s...
DPA International
The European Central Bank (ECB) kept its key eurozone interest rates unchanged for the fifth time in a row at its monetary policy meeting on Thursday, despite falling inflation. The Frankfurt-based bank maintained its key refinancing rate, which provides liquidity to the banking system, at 4.5%. The deposit rate, which credit institutions receive when they park money at the bank, also stays unchanged at 4%. Economists generally expect an interest rate cut - much awaited by the economy and private borrowers - to come in June. The bank's President Christine Lagarde added credence to that view, s...
DPA Breaking News
The European Central Bank kept its key eurozone interest rates unchanged for the fifth time in a row at its monetary policy meeting on Thursday, despite falling inflation. The Frankfurt-based bank maintained its key refinancing rate, which provides liquidity to the banking system, at 4.5%. The deposit rate, which credit institutions receive when they park money at the bank, also stays unchanged at 4%. Economists generally expect an interest rate cut - much awaited by the economy and private borrowers - to come in June. Recent inflation rate developments had made the ECB more confident, but "no...
DPA International
The European Central Bank left its key refinancing rate on hold at 4.5% for the fifth time in a row on Thursday, despite falling inflation, in a decision by the bank's governing council. The deposit rate that banks receive for money parked with them also remains unchanged, at 4%. Economists generally expect an interest rate cut - much awaited by the economy and private borrowers - to come in June. Recent inflation rate developments had made the ECB more confident, but "not confident enough," the bank's President Christine Lagarde had said at the beginning of March, adding that they would know ...
DPA International
The European Central Bank kept its key eurozone interest rates unchanged for the fifth time in a row at its monetary policy meeting on Thursday, despite falling inflation. The Frankfurt-based bank maintained its key refinancing rate, which provides liquidity to the banking system, at 4.5%. The deposit rate, which credit institutions receive when they park money at the bank, also stays unchanged at 4%. Economists generally expect an interest rate cut - much awaited by the economy and private borrowers - to come in June. Recent inflation rate developments had made the ECB more confident, but "no...
DPA
The European Central Bank kept its key eurozone interest rates unchanged for the fifth time in a row at its monetary policy meeting on Thursday, despite falling inflation. The Frankfurt-based bank maintained its key refinancing rate, which provides liquidity to the banking system, at 4.5%. The deposit rate, which credit institutions receive when they park money at the bank, also stays unchanged at 4%. Economists generally expect an interest rate cut - much awaited by the economy and private borrowers - to come in June. Recent inflation rate developments had made the ECB more confident, but "no...
DPA Breaking News
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