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 Breaking News
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 Breaking News
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 Breaking News
The European Central Bank is leaving its key interest rate on hold at 4.5%.
DPA Breaking News
The European Central Bank (ECB) is scheduled to decide on its future monetary policy at its regular meeting on Thursday against the backdrop of falling inflation rates. It is generally expected that the euro currency guardians will leave key interest rates in the eurozone unchanged for the time being. The central bank's decision is due to be announced around 2:15 pm (1215 GMT). The press conference with ECB President Christine Lagarde following the meeting is being eagerly anticipated. Market participants are hoping for a signal that an interest rate cut may be in the offing. The key interest ...
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