Economy Global’s Post

European Central Bank cuts interest rates for the first time since 2019 The European Central Bank on Thursday confirmed a widely-anticipated reduction in interest rates at its meeting in Frankfurt, despite lingering inflationary pressures in the 20-nation euro zone. It takes the central bank's key rate to 3.75%, down from a record 4% where it has been since September 2023. #euro #ECB #rates

The EU experienced rapid deflation last year which ended with an upward bump in December suggesting a slow down into 2024. With a target of 2%, the European Central Bank President Christine Lagarde said that “according to our projections we will get there in 2025,” but also warned policymakers not to get complacent following a year of slumps in inflation. Christine Lagarde joins us at #BloombergHouse as we explore #TheYearAhead.

The European Central Bank (ECB) is considering a reduction in borrowing costs at its upcoming meeting, according to a report from Bloomberg that cites ECB Governing Council member Martins Kazaks. The Latvian central-bank chief indicated in an interview with Latvian TV that, with the upcoming ECB council meeting next week, he believes the current data suggests it may be time to move forward with lowering rates. He acknowledged that there would be discussions, as is customary, but expressed that, at this moment, the situation appears quite clear to him. Read more: https://lnkd.in/d7UAqjqP #ECB #Interestrates #centralbank #inflation #europe

All eyes will be on the ECB this Thursday due to expectations that they will deliver the first rate cut amongst the larger economies following similar decisions made by smaller central banks such as Switzerland, Hungary and Sweden. The decision may boost sluggish economic growth in the bloc but may also increase inflationary pressures so a cautious approach is expected. Read more in the TNB weekly market update: https://lnkd.in/eZnZdjzX

This Tuesday, the Central Bank of Chile announced a 25 basis point reduction in the Monetary Policy Rate (MPR), bringing it down to 5.5%. The decision was unanimously made by the Central Bank's Board at its latest monetary policy meeting. This measure aims to accelerate the convergence of the MPR towards a neutral level, as indicated in the September Monetary Policy Report (IPoM), adjusting to the evolution of the macroeconomic scenario and its effects on inflation. The Board reaffirms its commitment to keep inflation at 3% over a two-year horizon. #finances #economy #Chile

The European Central Bank is likely to cut interest rates for the third time this year today, as inflation in the euro zone is now under control and the economy is in recession. The first consecutive rate cut in 13 years would signal a shift in the euro zone's central bank's focus from deflation to supporting economic growth, which has now lagged far behind the United States for two consecutive years. However, Lagarde and her colleagues are unlikely to offer any clear hints on future action on Thursday, repeating their slogan that "meeting-by-meeting" decisions will be made based on incoming data. #ecb #interestrate #banks #fed https://lnkd.in/dx_NXnBd

The European Central Bank this week is set to cut borrowing costs for the euro area for the first time since September 2019. It will mark the official end to the record fast-hiking cycle that begun after the Covid-19 pandemic as inflation soared. But investors’ attention looks like it has already moved on to what will happen after this June cut by the Frankfurt institution. Read the full story: https://cnb.cx/3KuldyD

The European Central Bank cut interest rates yesterday for the third time this year, saying inflation in the euro zone was increasingly under control while the outlook for the bloc’s economy was worsening. The first back-to-back rate cut in 13 years marks a shift in focus for the euro zone’s central bank from bringing down inflation to protecting economic growth, which has lagged far behind that of the United States for two years straight. Read: https://lnkd.in/dy58m3rY

The European Central Bank (#ECB) announced today a cut in its main #interest rate from an all-time high of 4% to 3.75%. The ECB's decision followed Canada's rate cut on Wednesday which brought its headline rate down from 5% to 4.75%, after #inflation there fell to 2.7%. Sweden and Switzerland have also trimmed rates. #interestrate #centralbanks #economy