ecb
The President of the European Central Bank (ECB), Christine Lagarde, has defended the bank's recent interest rate cut and dampened expectations of further cuts. The central bank still assumes that the inflation target of two per cent in the medium term can be achieved in the coming year, Lagarde said in a joint interview with several European economic newspapers published on Monday. Against the backdrop of the recent rise in inflation in the single currency area, however, the central bank's head also made it clear that "the battle" had not yet been won. Last week, the ECB implemented the first...
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The European Central Bank lowered its main interest rates this week for the first time since 2019, but ECB chief Christine Lagarde is dashing prospects of further cuts in the near future. Inflation in the euro currency area was "currently on a good path" to reach the ECB's target of 2%, Lagarde wrote in an op-ed for Germany's Rheinische Post newspaper published on Saturday. "However, it will take quite some time before inflation is completely banished from the economy," Lagarde added, warning of bumps in the road ahead. "Vigilance, commitment and perseverance will be required along the way," w...
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The European Central Bank (ECB) lowered its key interest rates by a quarter percentage point on Thursday, following a series of hikes aimed at getting a grip on high inflation. The ECB cut its deposit rate by 0.25 percentage points to 3.75% after almost nine months at a record high, the bank announced in Frankfurt. It also announced a cut of its refinancing rate by 0.25 percentage points to 4.25%. The ECB's action ends a rate-hiking cycle that began in July 2022. Lower interest rates are good news for borrowers, as they make loans more favourable. Savers, on the other hand, can expect to recei...
DPA Breaking News
The European Central Bank (ECB) lowered its key interest rates by a quarter percentage point, following a series of hikes to get a grip on high inflation. The ECB cut its deposit rate by 0.25 percentage points to 3.75% after almost nine months at a record high, the bank announced in Frankfurt on Thursday. It also announced a cut of its refinancing rate by 0.25 percentage points to 4.25%. The ECB's action ends a rate-hiking cycle that began in July 2022. Lower interest rates are good news for borrowers, as they make loans more favourable. Savers, on the other hand, will probably receive less in...
DPA Breaking News
The European Central Bank (ECB) is lowering its key interest rate by 0.25 percentage points to 3.75%.
DPA Breaking News
The European Central Bank (ECB) is likely to cut its key rates by 25 basis points when the governing council meets at the beginning of June, ECB Vice President Luis de Guindos has indicated in an interview published on Thursday. Speaking to the Austrian daily Oberösterreichische Nachrichten, De Guindos said the ECB took a transparent attitude regarding the June 6 monetary policy meeting and was adopting a cautious approach. This indicated a cut of 25 basis points, he said. The rate for fixed rate tenders, the ECB rate for lending to commercial banks in the 20-member eurozone, currently stands ...
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